Berkshire Money Management lands in Great Barrington for good, with a $1 million office

By Jane Kaufman, The Berkshire Eagle March 14, 2023

GREAT BARRINGTON — Berkshire Money Management is showing it is bullish on its south county client base by purchasing a $1 million building at 72 Stockbridge Road.

Following some interior renovation, the former Berkshire Boxing Club building will be transformed into an office for the independent investment-advisory firm.

Since October 2021, the firm has operated a satellite office in rented space at 322 Main St. in Great Barrington.

It will continue to be headquartered at one of the old Crane mansions, Model Farm, a 29-acre estate at 161 Main St., Dalton. That property was purchased in 2017 for $1 million under the name Model Farm LLC.

Allen Harris, chief investment officer and CEO of Berkshire Money Management, said buying property in Great Barrington, under the name Carvergirl LLC, shouldn’t be viewed as a real estate investment.

“Did we overpay? Probably. Are we paying too much in interest rates? Probably,” he said. “So it’s really intended to be an investment in the clients of the Berkshires and the clients of Great Barrington.”

He added, “But we are going to need people” at the new site. With 18 people on the staff, including two full time in Great Barrington now, Harris expects some to commute from Dalton to Great Barrington.

He said the larger quarters on Route 7 will allow meetings with more than one client at a time …