REBusinessOnline (Feb. 23, 2017) – MEDFORD, MASS. — Linear Retail has purchased a retail property, located at 85 High St. in Medford, from Case Real Estate Capital for $4.7 million. CVS/pharmacy occupies the 15,700-square-foot property, which was built in 1996. Geoffrey Millerd, Justin Smith, Paul Penman and Matthew Waisnor of NGKF Capital Markets represented the seller in the deal.
In The News | 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.
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.
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.
(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.
Boston 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.
(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.
CityBizList – 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.
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.
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.