All posts in In The News

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.

1 Jul 2015

Informer: preservation, retirement, art, and real estate
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Giroux Building Lexington space availableThe 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.

25 Jun 2015

Linear Retail Acquires Giroux Building in Lexington for $10.45 Million
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The Giroux Building Lexington 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.

12 Jun 2015

Linear Retail Properties Buys Three-Property Retail Portfolio for $57.5 M in MA
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Linear Retail acquires $57.5M portfolioShopping Center BusinessLinear 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.

2 Jun 2015

Peet’s Coffee Now Open On Charles Street, Beacon Hill

First Boston Location for Premium Specialty Coffee Shop Peet's Coffee Charles Street Now Open

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.

15 Feb 2015

New Nashua Store Reflects How Comcast is Morphing into Xfinity

Xfinity Nashua Ribbon Cutting_low resThe Telegraph (2/15/15) – As a metaphor for the changing cable-TV industry, the first Xfinity store in New Hampshire is pretty good.

The shiny store, which opened its doors two months ago, had its official ribbon-cutting Wednesday, complete with greetings from Mayor Donnalee Lozeau, a number of Comcast executives and somebody dancing around in the costume of a giant remote control.

Eight staffers will work in the 4,000-square-foot store at 219 Daniel Webster Highway, across from the Best Buy in south Nashua. They’re trained to demonstrate everything from the TV-and-lots-more package called the X-1 Platform to a variety of mobile apps.