In The News | Linear Retail

24 Jun 2015

Linear Retail Acquires Downtown Lexington Retail Block
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The Giroux Building Lexington Giroux Building on Massachusetts Avenue Acquired

(Burlington, MA; 06/24/2015)- Linear Retail Properties, LLC, announced today that it has acquired the Giroux Building, an 18,228 square foot multi-tenant, store-front retail property located at 1833-1853 Massachusetts Avenue in downtown Lexington, MA.

The Giroux Building offers frontage on four streets including Massachusetts Avenue, Meriam Street, Depot Square and Depot Place and overlooks the historic Buckman Tavern and Battle Green in Lexington Center. The fully leased store block is comprised of nine local and regional tenants including Via Lago Restaurant, Yangtze River Restaurant, Eastern Bank and Dellaria Salon. The purchase price of the property was $10,465,000. The Seller, The Giroux Building Limited Partnership, was represented by Connie Neville of Sperry Van Ness/Neville & Associates.

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.

11 Jun 2015

Linear Retail Acquires North Andover and Waltham Shopping Centers for $57,500,000

Linear Retail acquires $57.5M portfolio(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.

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.

28 Jan 2015

Linear Retail Acquires Cambridge Retail Property Across From Lechmere Station

Cambridge_Retail Space for Leasecitybizlist – Linear Retail Properties, LLC, announced today its acquisition of a prominent retail condominium unit at the intersection of First Street and Cambridge Street in East Cambridge. The 3,075 square foot unit is located directly across the street from the Lechmere Green Line subway Station and two blocks from the CambridgeSide Galleria Mall.

The purchase price of the property was $2.4 million. The unit is occupied by Finagle a Bagel on a short term basis and is available for lease. Rick Rostoff, Vice President of Acquisitions, sourced this property directly from the seller, Cambridge-FAB LLC.

22 Dec 2014

Domino’s Opens New “Pizza Theatre” Concept in Yarmouth

Dominos Pizza Theatre Yarmouth MA-low resDomino’s has opened a 1,800 sf restaurant at Yarmouth Shopping Center, located at 371 Station Avenue in Yarmouth, MA

Barnstable-Hyannis Patch – (Burlington, MA; 12/22/2014)– Linear Retail Properties, LLC, announced today that Domino’s has opened at its Yarmouth Shopping Center, located at 471 Station Avenue in Yarmouth, Massachusetts. Domino’s occupies 1,800 sf.

The new “pizza theatre” concept by Domino’s invites customers in the store to experience pizza making right in front of them. The new build-out matches its improved brand image and products. The Yarmouth store features a modern look with ample seating, a giant chalkboard wall, and a digital tracking display on the wall for customers to see which order is up next. The new restaurant now caters to those that want to sit and enjoy pizza at the location instead of just ordering take-out.

19 Dec 2014

Florijn Home Now Open in Wellesley

Wellesley Florijn Home(Burlington, MA; 12/19/14)- Linear Retail Properties, LLC, announced that Florijn Home is now open at their Central Plaza at 90 Central Street in Wellesley, Massachusetts.

Florijn Home is a new boutique home décor store in Wellesley, MA and is the only one of its kind. The store, pronounced “Flor-ine” gets its name from the Dutch spelling of the word “Florin,” the gold standard in Europe since the time of the Medici bank (Florin, for Florence). The store carries products of the Northern European aesthetic with pieces from around the world including everything from votives, lanterns and dishware through furniture and artwork. Florijn Home is owned by the Barreveld Family.

8 Dec 2014

Linear Retail Appoints Rick Rostoff as VP of Acquisitions

Rick Rostoff - Linear Retailcitybizlist (12/8/2014) – Linear Retail Properties, LLC, announced today that it has hired Rick Rostoff as Vice President of Acquisitions. Rick will be responsible for sourcing and closing retail acquisitions in eastern Massachusetts, southern New Hampshire, Rhode Island and southern Maine.

Aubrey Cannuscio, Partner and head of Acquisitions of Linear Retail commented, “We are excited to have Rick join our growing team. Rick has a proven track record for closing deals and we expect him to contribute greatly to growing Linear’s portfolio.”

Prior to joining Linear Retail, Rick founded and operated Spectra Realty Associates, where he participated in the brokerage and development of over $200 million in retail, hotel, and office properties. At Spectra, Rick represented some of New England’s largest commercial real estate developers and owners as well as numerous retail and hotel REIT’s.

28 Nov 2014

Creating Experiences With Linear Retail Properties

Linear Retaill Properties - PartnersNEREJ (11/28/2014) – Linear Retail Properties is a leading acquirer, owner, developer and operator of retail properties in New England. Based in Burlington, MA, Linear was created in 2003 by its President & CEO, Bill Beckeman in partnership with a prominent financial institution. At that time, Beckeman went against conventional thinking, eschewing large anchored shopping centers in favor of well-located, small stores typically housed in smaller, convenience-oriented retail properties. The different focus was driven by Beckeman’s keen understanding of the New England retail real estate landscape and awareness of consumer and technology trends which pointed to the increasing desirability of smaller format stores and properties.