In The News | Linear Retail

12 Jan 2017

Linear Retail Acquires 51,000 SF Shopping Center in Manchester, NH
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Manchester-Maple-Tree-Mall-Linear-Retail(Burlington, MA; 01/12/2017)- Linear Retail Properties, LLC, announced today that it acquired Maple Tree Mall located at 535-555 Hooksett Rd. in Manchester, NH for $4,000,000.

Maple Tree Mall is a 51,000 SF shopping center located 1/2 mile south of Interstate 93, exit 9, and 1 mile north of downtown Manchester/Elm Street. Center tenants include; La Carreta Mexican Restaurant, SalonCentric, Cyr Kitchen & Bath Home Design Center and Papa Gino’s. There is 1,600 – 18,000 SF available for lease.

12 Jan 2017

New owner plans renovation at Maple Tree Mall
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Manchester-Maple-Tree-Mall-Linear-RetailThe Union Leader – The Maple Tree Mall is in line for a facelift.

A Massachusetts firm bought the North End strip mall for $4 million.

“We’ll renovate it to bring it into the current century,” said Aubrey Cannuscio, partner of acquisitions for Linear Retail Properties, LLC of Burlington, Mass.

A “significant amount” of money will be invested to make improvements to the mall’s facade, signage, lighting and parking lot, he said Thursday.

17 Dec 2016

DW Highway businesses sold for $12.5M
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nashua-telegraph-photo-232-234-dwyNashua Telegraph – The Old Navy and Burger King at 232-234 Daniel Webster Highway and 4 E. Spit Brook Road have been purchased for $12.5 million.

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.

Geoffrey Millerd and Justin Smith, of Newmark Grubb Knight Frank, represented the seller, and Aubrey Cannuscio, acquisitions partner for Linear Retail, represented the buyer.

15 Dec 2016

Linear Retail Acquires its Eighth Nashua Property
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linear-retail-nashua-acquisition-bk-old-navy(Burlington, MA; 12/15/2016)- Linear Retail Properties, LLC, announced today that it acquired two retail properties in Nashua, NH along the Daniel Webster Highway/Spit Brook Road retail block for $12.5 million. The freestanding buildings are leased to Old Navy and Burger King.

The two buildings, totaling 27,673 SF, are located in close proximity to six other Linear Retail properties including; Daniel Webster Crossing, Daniel Webster Plaza, Daniel Webster Shops, and freestanding properties leased to Barnes and Noble, Chili’s and Uno’s.

Geoffrey Millerd and Justin Smith of Newmark Grubb Knight Frank represented the Seller and Aubrey Cannuscio, Partner – Acquisitions, represented Linear Retail.

5 Dec 2016

HFF arranges $34.5 million financing for Linear Retail’s Alewife Brook Parkway Shopping Center in Cambridge
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shopping-center-on-alewife-brook-parkwayBoston 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.

28 Nov 2016

Linear Retail Leases 18,100 SF to PetSmart in Bourne, MA
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team-bourne-linear-retail-petsmartEastern Mountain Sports Relocates Inline to 4,103 SF and Starbucks Extends its Lease at Bourne Bridge Crossing

(Burlington, MA; 11/28/2016)- 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.

28 Nov 2016

Linear Retail Signs 3 Cape Leases including PetSmart for 18,100 SF
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team-bourne-linear-retail-petsmartCityBizList – 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.

25 Nov 2016

Kadis of Linear Retail Properties leases 1,635 s/f to Rev’d Indoor Cycling
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collage-3NEREJ – Burlington, MA Linear Retail Properties, LLC, has signed a lease with Rev’d Indoor Cycling at the Burlington Marketplace, 68 Burlington Mall Rd.

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.

27 Oct 2016

Duluth Trading Co. Leases 14,528 SF at 1000 Bald Hill Rd
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warwick-duluth-leases-space-at-1000-bald-hill-rdSpace available at RI’s only Trader Joe’s anchored center

The deal was executed by Linear Retail’s, Joel Kadis, Partner – Leasing & Development; Baum Realty Group’s, Matt Fetter, Managing Director; and Atlantic Retail Properties’, Jim Bagley. There is currently 2,650 SF of space available for lease at 1,000 Bald Hill Road.

Originally an online business, now headquartered in Belleville, Wisconsin, Duluth recently launched a retail expansion of brick-and-mortar stores across the East Coast. The company has 13 stores with product varying from casual wear, workwear and accessories.

20 Oct 2016

Employee Changes at Linear Retail
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catherine-jared-linear-retailCatherine Millane Joins Linear as Acquisitions Analyst
Catherine joined Linear Retail this month as an analyst in the acquisitions department. In her role, Catherine is responsible for underwriting new acquisitions opportunities, coordinating due diligence activities, and providing support to the asset management and leasing teams.

Prior to joining Linear, Catherine worked at RAIT Financial Trust, a publicly traded real estate investment trust based in Philadelphia.