REBusinessOnline (Feb. 23, 2017) – MEDFORD, MASS. — Linear Retail has purchased a retail property, located at 85 High St. in Medford, from Case Real Estate Capital for $4.7 million. CVS/pharmacy occupies the 15,700-square-foot property, which was built in 1996. Geoffrey Millerd, Justin Smith, Paul Penman and Matthew Waisnor of NGKF Capital Markets represented the seller in the deal.
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A Massachusetts firm bought the North End strip mall for $4 million.
“We’ll renovate it to bring it into the current century,” said Aubrey Cannuscio, partner of acquisitions for Linear Retail Properties, LLC of Burlington, Mass.
A “significant amount” of money will be invested to make improvements to the mall’s facade, signage, lighting and parking lot, he said Thursday.
Linear Retail Properties, of Burlington, Mass., purchased the property on Tuesday, Dec. 13, from Spitbrook Shopping Center LLC, which is owned by Saxon Partners, of Hingham, Mass.
Boston Real Estate Times – BOSTON, MA – Holliday Fenoglio Fowler, L.P. (HFF) announced that it has arranged $34.5 million in first mortgage financing for Alewife Brook Parkway Shopping Center, a 47,004-square-foot, Trader Joe’s and CVS-anchored center in Cambridge, Massachusetts.
Working on behalf of Linear Retail Properties, LLC, HFF placed the fixed-rate loan with Nationwide Life Insurance Company.
CityBizList – Eastern Mountain Sports Relocates Inline to 4,103 SF and Starbucks Extends its Lease at Bourne Bridge Crossing
Linear Retail Properties, LLC, announced today multiple lease signings including; PetSmart for 18,100 SF, Eastern Mountain Sports for 4,103 SF which will relocate to an inline space, and Starbucks extended its lease at Bourne Bridge Crossing. The shopping center is located at 2 Bridge Approach Street in Bourne, MA on the rotary adjacent to the Bourne Bridge on the Mainland side of the canal.
Rev’d is a 1,635 s/f boutique cycling studio with top of the line equipment and instructors. It offers indoor cycling classes in an environment with music and lighting designed for workouts. The Burlington site is the third location for the retailer with other locations adjacent to Legacy Place in Dedham, and at Patriot Place in Foxborough.
The deal was facilitated by Linear Retail’s, Joel Kadis, partner – leasing & development, and Blackline Retail Group’s president, Dan Dori. Burlington Marketplace is now fully leased.
CityBizList – Linear Retail Properties, LLC, announced today that Smilebar, an Invisalign-only boutique has opened at 303 Columbus Ave. in the Bryant Back Bay luxury condominium building in Boston, MA. The property is situated where the Back Bay meets the South End, between Clarendon and Dartmouth Streets.
Smilebar is the first Invisalign-only boutique in the Boston area. Smilebar’s orthodontic specialists use the latest 3D imaging technology to provide Invisalign, a series of clear and removable aligners to create a perfect smile. Smilebar has also partnered with Smile Train for its OneChild+OneSmile donation program. For every new patient who completes treatment, Smilebar will provide the cost of a child’s cleft lip/palate surgery in a developing country.
Rev’d is a luxury boutique cycling studio that offers indoor cycling classes with music and lighting designed for high-energy workouts.
The Burlington site is the third location for the retailer with other locations in Dedham and Foxborough.
Cape Cod Times (Sept. 13, 2016)- The Bike Zone’s newest landlord has announced the bike shop is opening a third Cape Cod location. The Bike Zone, which has locations in North Falmouth and Hyannis is opening a new 3,600-square-foot store in Yarmouth Shopping Center at 471 Station Ave. in South Yarmouth, according to a statement from Linear Retail, the building’s landlord.
The new store is located on the route for a planned extension of the Cape Cod Rail Trail, according to the statement.
Bike Zone Yarmouth’s 3,600 SF store offers a large line of road, mountain, cyclocross and leisure bicycles for sale, a service and repair center, bike rentals and Pro Fit consultations. The new store is positioned directly on the Cape Cod Rail Trail future extension in Yarmouth.