(Burlington, MA; 06/11/2015)- Linear Retail Properties, LLC, announced today that it has acquired a 124,093 square foot Massachusetts retail portfolio consisting of Eaglewood Shops at 175 Turnpike Street in North Andover, Main Street Marketplace at 1030 Main Street in Waltham, MA and the adjacent 1036 Main Street in Waltham, MA.
Eaglewood Shops is a 77,558 SF shopping center comprised of three buildings. The center was developed in 2005 and is situated along Route 114, the primary retail corridor of North Andover. The center is fully leased. Key tenants include; Burtons Grill, Staples, Pier 1 Imports, Jos. A. Bank and Chipotle. The purchase price was $34,250,000.
Main Street Marketplace is a 44,461 SF shopping center built in 2013, located on Route 20 (Weston Street) and Route 117 (Main Street) in Waltham. The center is fully leased. Key tenants include; Panera Bread, Chipotle, Five Guys, Party City, Pet Supplies Plus, and Aspen Dental. The purchase price was $22,400,000. An adjacent 2,074 SF single-tenant building at 1036 Main Street was also purchased. The purchase price was $850,000.