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.
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Warwick 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.
Banker & 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.
MetroWest 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.
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.
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.
The Boston Globe – Preservation efforts at the historic Shirley Meeting House recently got a boost. The nonprofit group that tends to the property received $20,000 from the Montachusett Society for the Preservation of Historic Buildings to finish restoring its bell tower and weathervane. The group has also completed a handicap accessibility plan for the structure at 41 Brown Road, on the old town common, and will soon seek grants for it. The Meeting House’s history goes back to 1773. For more information, visit www.shirleymeetinghouse.org.
Shopping Center Business (Lexington, MA) – Linear Retail Properties LLC has acquired the Giroux Building, an 18,228-square-foot multi-tenant property with storefront retail located in downtown Lexington, for $10.45 million.
The fully leased block of retail stores is comprised of nine local and regional tenants including Via Lago Restaurant, Yangtze River Restaurant, Eastern Bank and Dellaria Salon. Connie Neville of Sperry Van Ness/Neville & Associates represented the seller, The Giroux Building Unlimited Partnership.
Shopping Center Business –Linear Retail Properties has acquired a three-property retail portfolio, totaling 124,093 square feet, in Massachusetts for $57.5 million.
The portfolio includes Eaglewood Shops at 175 Turnpike St. in North Andover, Main Street Marketplace at 1030 Main St. in Waltham and 1036 Main St. in Waltham. Acquired for $34.2 million, the 77,558-square-foot Eaglewood Shops is fully leased to Burtons Grill, Staples, Pier 1 Imports, Jos. A. Bank and Chipotle. The 44,461-square-foot Main Street Marketplace is fully leased and sold for $22.4 million. The adjacent 2,074-square-foot property, 1036 Main Street, was purchased for $850,000. The seller was Ross Hamlin.
citybizlist (6/2/2015) – Linear Retail Properties, LLC, announced that Peet’s Coffee, based in Emeryville, California, is now open at the corner of Charles Street and Mt. Vernon Street in the heart of Boston’s Beacon Hill neighborhood.
The 1,842 square foot Peet’s Coffee shop, at 66 Charles Street, offers its premium quality, hand-roasted coffee along with gourmet baked goods in an inviting, upscale setting. The location is in the center of Beacon Hill’s Historic District, two blocks from Boston Common and the Public Gardens. Pat Paladino of Colliers represented Peet’s Coffee and Adam Conviser of Conviser Property Group represented Linear Retail Properties, LLC in the deal.