All posts in In The News

5 Aug 2016

Like Father, Like Daughter
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Bill and BridgetShopping Centers Today– Not all father-daughter combinations work side by side in the industry, but they may still share a common bond that augments the family relationship. Such is the case with William (Bill) Beckeman, president and CEO of Burlington, Mass.-based Linear Retail Properties, and his daughter Bridget.

Bill founded Linear Retail, which owns, acquires, develops and manages retail properties in New England, in 2003. He is trained as a structural engineer, but also spent years in property management with John Hancock Properties and as a partner with Finard & Co. He has two daughters. Bridget, 28, is a Harvard graduate and has been an asset manager at Jamestown Properties since 2014. Her sister, Lily, 26, lives in New York City and is involved in the fashion industry.

9 May 2016

Linear Retail is listed on NREI’s 2016 Top Retail Owners
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NREI Top Retail Owners 2016NREI – Linear Retail has been listed on National Real Estate Investor’s, “Top Retail Owners of 2016.” The listing of the top owners of retail real estate was compiled using responses to NREI’s top owners of retail real estate survey, earnings reports and company Web sites. It is based on the total size of the companies’ U.S. portfolios as of Dec. 31, 2015.

See full list here: http://nreionline.com/retail/2016-top-retail-owners

4 Feb 2016

Concord’s Friend Block is purchased by Linear Retail Properties
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Friend's Block Concord 1 Wicked Local – Linear Retail Properties, LLC, has announced that it acquired the two-story Friend Block located at 49-57 Main St. in Concord, MA for $4.7 million. The property was sold by the Friend Block Realty Trust.

The Friend Block is located at the center of Concord’s shopping district at the intersection of Main St (Rte. 62) and Walden Street. Originally constructed in 1892, the 11,740-square-foot site is on the National Registry of Historic Places. The site is named after John Friend, who opened a pharmacy in the late 1800s.

Linear expects to fill the building, which is mostly vacant, with shops complementary with Concord’s town center. Linear plans on modernizing the building’s interior while respecting the exterior’s historic design.

1 Feb 2016

Linear Retail Pays $12M for 7th Nashua Property
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Barnes & Noble_235 Daniel Webster Hwy Nashua, NHThe Real Reporter- NASHUA, NH — And now there is one—owner, that is, of all four retail properties at what Linear Retail Partners principal William J. Beckeman deems “arguably the best intersection in all of Nashua,” and if so, that is good news for his Burlington, MA-based operation that just paid $12 million to secure the Barnes & Noble Bookstore at 235 Daniel Webster Highway, complementing three other assets assembled over the past decade where Spit Brook Road converges with DWH.

“It fills out the corner nicely for us,” Beckeman tells Real Reporter in the wake of an all-cash deal that completes the four-piece puzzle at that light and brings Linear’s overall Nashua portfolio to seven properties. “It’s a great fit fot us,” Beckeman says in stating the obvious that, “we like Nashua a lot” even as the firm’s expanding fiefdom of convenience-oriented retail stretching from New Hampshire to Rhode Island and now at 80 assets overall continues to expand in other markets, with 2015 an especially active season on the acquisitions front, that group led by Aubrey Cannuscio.

30 Jan 2016

Pawtucket Shopping Center Changes Hands
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Blackstone Place - Pawtucket, RIPawtucket Journal – Linear Retail Properties, based in Burlington, Massachusetts, has acquired Blackstone Place, a shopping center at 727 East Ave. in Pawtucket, for $9.1 million.

The center, built in 1963, is fully leased and is anchored by Rite Aid. Other tenants include Hillside Family Medical, Rasoi, Antonio’s Pizza, Core Energy Fitness, Moon Star, Wild Flour, Garden Grille and Dunkin’ Donuts.

Linear also owns Smithfield Commons, East Greenwich Commons and 1000 Bald Hill Road in Warwick.

21 Jan 2016

Smashburger Opens First RI Location on Rte. 2
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Smashburger Ribbon Cutting Warwick RIWarwick Post – Smashburger, among the fastest growing fast casual restaurants in the US, celebrated the opening of its first RI location at 1000 Bald Hill Road Thursday with the help of Mayor Scott Avedisian, The Central RI Chamber of Commerce, and executives of the Mohegan Holding Company, which owns the franchise.

Mohegan Holding Company also owns the Mohegan Sun casino in Uncasville, CT.When asked why the company chose Warwick, for its first RI location, Kevin Brown, chairman of the Mohegan Tribe, pointed out the window in the direction of a bustling Rte. 2 afternoon.

20 Jan 2016

Linear Buys West Roxbury Retail Strip On Main Corridor
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1869-1881 Centre St. West Roxbury, MABanker & Tradesman – Burlington-based Linear Retail Properties has acquired its second retail property in West Roxbury.

Linear purchased 1869-1881 Centre St. for $2.1 million from The Mary Daniels 1996 Trust. The property is a 7,335-square-foot, single-story building originally built in 1920 and owned by the same family for 50 years.

29 Oct 2015

Linear Retail Acquires Property in Westborough
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9 West Plaza Westborough Rte. 9MetroWest Daily News – Linear Retail Properties LLC, a Burlington-based acquirer, owner, developer and operator of retail properties in New England, announced it acquired 9 West Plaza, located at 1 Oak St., Westborough.

The Plaza is located at the signalized intersection of Route 9 and Lyman Street within Westborough’s primary retail corridor. The 35,800-square-foot building is sited on 5.8 acres. Tenants include Sleepy’s, Chipotle, FedEx, Hair Cuttery and Gold’s Gym.

22 Oct 2015

Citizens Bank Provides $22.7M Term Loan to Linear Retail Properties
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ABL Advisor – Citizens Bank provided a $22.7 million term loan to Linear Retail Properties. Linear Retail is a leading owner, developer and operator of retail properties throughout New England. The company focuses on acquiring well-located properties and improving their performance. As of today, Linear’s portfolio consists of 80 properties in Massachusetts, New Hampshire and Rhode Island.

28 Sep 2015

Washington Trust Provides $20.67 Million in Financing for Retail Center in North Andover, MA
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Eaglewood Shops Sky (8)NASDAQ – WESTERLY, R.I., Sept. 28, 2015 (GLOBE NEWSWIRE) — Washington Trust’s Commercial Real Estate Group (Nasdaq:WASH) recently provided $20.67 million to Linear Retail Properties for the financing of Eaglewood Shops, a 77,558 square-foot shopping center located at 175 Turnpike Street in North Andover, MA.

Eaglewood Shops is a Class A retail center comprised of three buildings across 13 acres and is anchored by Staples. The fully leased center also includes Burton’s Grill, Pier 1 Imports, Jos. A. Bank, Chico’s, Chipotle, b.good and other national and regional retailers. Built in 2005 along Route 114, it is situated at the primary retail corridor of North Andover. Linear Retail acquired the Shops in June 2015.