All posts in In The News

15 Mar 2012

Peabody City Council Approves Permit for Dunkin’ Donuts at 79 Lynnfield Street
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The Salem News – There will be a Dunkin’ Donuts moving into the plaza at 79 Lynnfield St. in Peabody.

That may not seem like front-page news, but there may not be another doughnut shop in New England that has had to go through as much scrutiny. Since the initial denial, the real estate group, Linear Retail LLC, which owns the plaza, sued the city but later dropped the case and instead decided to work with police, city planners, fire officials and engineers to come up with a plan to increase safety at the plaza. The group met three times and came up with a plan to move a crosswalk; install a new pedestrian light, new signs, fog lines, a new median and a rumble strip; and create better marked lanes. Linear has agreed to pay for the work.

13 Feb 2012

L.A. Burdick Chocolate at 220 Clarendon Street Boston, Now Open
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L.A. Burdick Chocolate Clarendon St.
L.A. Burdick Chocolates is now open at 220 Clarendon Street in Boston, MA. Get your valentine something special from the newest chocolate shop in the city. Check out photos of the new shop! Happy Valentine’s Day! Find all the pictures from the photo shoot on 2/13/12 here: L.A. Burdick Chocolates Boston

28 Jan 2011

Linear Retail acquires 62-66 Charles St., Boston from 7-Eleven for $4.1 million

NEREJ-Charles Street Boston Boston, MA Linear Retail Properties, LLC, has purchased 62-66 Charles St., a 3,246 s/f single-story retail building located in the heart of the historic Beacon Hill neighborhood of Boston. The purchase price was $4.1 million.

The building is located at the signalized intersection of Charles St. and Mt. Vernon St., locally known as the “Flat of the Hill” of Beacon Hill. It was constructed in 1951 and for the last 20 years operated as a 7-Eleven convenience store. 7-Eleven sold the property to Linear Retail and the 7-Eleven has been converted into an independently run convenience store named Charles Street Market.

According to Aubrey Cannuscio, Linear Retail’s partner in charge of acquisitions, “We are thrilled to take ownership of this marquee property. Sixty-two Charles St. marks our 8th property purchase in the city of Boston but our first in Beacon Hill. Our acquisition activity is on the rise again and we are excited about making many more purchases in 2011.”
Sixty-two Charles St. represents Linear Retail’s 56th retail property acquisition in New England since the company was founded in 2003 and its 3rd since September 2010.

Adam Conviser of Dedham-based Conviser Property Group was the sole broker in the transaction, representing 7-Eleven and procuring Linear Retail as the buyer.