Lamacchia Realty , a full service real estate company, announced today Anthony Lamacchia is the sole owner of the company. John McGeough has decided to pursue opportunities in commercial and residential development projects.
Lamacchia Realty was launched by John McGeough and Anthony Lamacchia in 2005 and has been on a strong growth track ever since. In both 2012 and 2013, the company sold more than 500 homes per year in Massachusetts and Southern New Hampshire, and is on track to sell more than 500 homes in 2014. The company is on the Inc. 500/5000 list for the third year in a row being recognized as one of the nation’s fastest growing companies.
“John and I have had a great partnership and friendship for over ten years. His vast knowledge was a huge part of me doing as well as I did early in my career and I will always be grateful to him,” said Anthony. “I am excited and energized to take this company into the future and I wish him nothing but the best of luck.”
The partners began to quietly implement the leadership change during the summer of 2013 after John had expressed a desire to pursue other real estate interests in commercial and residential development. Anthony began to take on John’s day-to-day duties while the two worked together to determine the appropriate timing for John to depart and finalize this seamless transition. John will continue to be affiliated with the firm as a real estate agent for the purpose of selling the new homes he develops in his new venture.
“After 10 years of building the company with Anthony, I believed it was time for me to move on. I have always had a passion for real estate development and am ready to turn my attention to that with the full knowledge that the brand is more than just our names; it has represented an organization focused on clients and employees,” said John McGeough. “Anthony is a natural leader with great business instincts. I am more than confident that the company is perfectly positioned to continue its growth and success for many years. I’ll remain an agent with the firm and would not list a home anywhere else.”
The company’s accomplishments include being recognized by the Wall Street Journal/ Real Trends as one of the top real estate teams in the U.S. and one of the top 100 real estate teams by transaction volume. In April, Lamacchia Realty was named to the Boston Business Journal’s list of the fastest growing private companies in Massachusetts for the second straight year, and in January, the two were ranked #1 real estate agents in Massachusetts for the fourth consecutive year.
“Our business philosophy has always recognized that the continued success of Lamacchia Realty depends on more than just one or two individuals, it is rooted in every member of the company striving to be the best in real estate and serving clients above their expectations,” added Anthony. “We set out to build the best real estate company in New England and provide the very best service to our clients and that goal hasn’t changed. I am fortunate to be able to do it with such an amazing group of people in our company, many who have been with us for years. They make my job a lot easier and I am elated to grow this company with them for years to come.”
“I had the honor of being John and Anthony’s first employee when they started Lamacchia Realty in the spare bedroom of Anthony’s house back in 2005,” said Sarah Chaisson, Director of Operations. “It is amazing to see firsthand how dedication, determination and top notch customer service has allowed us to build a very successful company in such a short amount of time. I am extremely happy for John as he ventures on to his new path and wish him the best of luck. I know the company is in great hands with Anthony as the sole owner and I am excited to continue this great journey with him.”
For media Inquiries please contact Hugh Drummond at 617-646-1083 or Ann Murphy at 617-646-1031 at O’Neill and Associates.