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.
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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.
Shopping 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.
NREI – 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