In The News | Linear Retail

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.

28 Nov 2014

Linear Retail Properties Leases 2,500 SF To Century Bank

Century Bank Woburn Ribbon CuttingNEREJ (11/28/2014) - According to Linear Retail Properties, LLC, Century Bank is now open at Linear’s fully renovated West Marine Plaza located at 299 Mishawum Rd. across from the Woburn Mall.

The 2,500 s/f Century Bank branch provides customers with facilities featuring a large lobby, an easy access 24-hour ATM and drive-up “live teller” kiosk – providing Century Bank customers with extended hours of service with live video feed of a skilled representative.

The plaza’s renovation included a new façade, landscaping, signage and Century’s remote drive-through. In addition, Linear reduced the size of existing tenant Sleepy’s, and added Noodles & Co. and Century Bank. Noodles & Co. is slated to open the first quarter of 2015.

6 Nov 2014

Lauren Rogers Joins Linear Retail As Asset Manager

LRogers_7376_Bcrop-for-website2(Burlington 11/6/2014)-  Linear Retail announced today the most recent addition to the Asset Management team, Lauren Rogers.  Lauren manages a portfolio of Linear’s suburban and urban condominium retail properties. She is responsible for creating and implementing the strategic vision for each asset by utilizing Linear’s in-house leasing, marketing, development and construction teams.

Prior to joining Linear, Lauren spent nearly a decade working in the retail industry in New York City. She started her retail career at Le Pain Quotidien working in franchising and operational services and later served as Director of Real Estate. There, Lauren led the restaurant’s expansion to locations in NYC, Washington D.C., Philadelphia and Los Angeles. Following her time at Le Pain Quotidien, Lauren was the Senior Real Estate Manager for Blink Fitness and was responsible for suburban site selection and lease negotiation.

13 Oct 2014

European Based Amorino Soon to be Scooping Up Boston

Amorino Coming to Newbury StreetAmorino Gelato Signs Lease With Linear Retail On Newbury Street For First Boston Store

(Burlington, MA; 10/13/2014)- Linear Retail Properties, LLC, announced today that Amorino Al Naturale has signed a lease at its 249 Newbury Street location in Boston’s Back Bay.

Amorino is a boutique gelato and coffee shop offering Italian’s best quality products. Its specialty gelato is offered in many flavors and can be enjoyed multiple ways: in a cup, in a focaccina (scone), on a waffle or crepe, or in its signature flower-shaped scoop served on waffle cones. Amorino also offers famous French macaroons, gelato cakes, pastries, sweat breakfast, homemade chocolates, milkshakes, granitas and a large range of Italian and American hot drinks. Amorino prides itself on having the highest quality of ingredients including free range organic eggs and high grade whole milk and never using artificial colorings or flavors. Popular all-natural flavors include Amaretto, Stracciatella, Tiramisu, Pistachio Verde di Bronte, and Mango Alfonso d’India. To house its gelato, Amorino plans to import a custom-designed wooden case from Italy that gives an Italian home feel.

21 Aug 2014

Linear Retail Hires Eric Banks as Portfolio Controller

(Eric-Banks-Linear-RetialBurlington, MA; 08/21/2014)- Linear Retail Properties, LLC announced today its recent hire of Eric Banks as Portfolio Controller.

As Portfolio Controller he supervises the property accounting and financial reporting processes. He also provides oversight of Linear’s internal control and audit functions.

Eric has been a real estate accountant for over 10 years. He is experienced in many facets of property and corporate accounting. He is also proficient in accounting for business operations and construction projects. Prior to joining Linear Retail, Eric spent 8 years working for REIT Management & Research, LLC (RMR) in Newton, MA. RMR provides real estate services and business management to several publicly traded REITs and real estate operating companies.

Eric is a Certified Public Accountant in the State of Massachusetts. He has a Master of Science in Accounting from The University of Massachusetts Boston and a Bachelor of Arts in Economics from the University of Massachusetts Amherst.

29 Jul 2014

Linear Acquires Retail Space In Millennium Place

Millennium place downtown crossing boston retailBanker & Tradesman (7/29/2014) – Burlington-based Linear Retail Properties has acquired 558-580 Washington St., a retail condominium on the ground floor of the Millennium Place residential building in Boston’s Downtown Crossing.

The sales price was $7.2 million, according to Suffolk Registry of Deeds records.

The property is divided into three retail spaces, two of which are occupied by Legal Crossing restaurant and Caffe Nero. The third 1,600-square-foot storefront is available for lease.

“We are thrilled to have purchased this great retail condo in the groundbreaking new Millennium Place development, expanding our interest in the resurgence of Downtown Crossing,” Aubrey Cannuscio, partner of acquisitions for Linear Retail, said in a statement.

14 Jul 2014

Boston Jewelry Store Leases On Charles Street

Persona Jewelry 62 Charles St. BostonBanker & Tradesman (7/14/2014)- Persona Jewelry+ will open up shop on Charles Street in Boston’s Beacon Hill neighborhood.

Persona has leased 1,500 square feet at 62 Charles St. and plans to open this fall. It will be located next to Peet’s Coffee & Tea, which is scheduled to open before the end of the year.

Persona Jewelry+ is a local, luxury, lifestyle jewelry company co-owned by Margarita Druker and Gary Shteyman. Druker and Shteyman started the brand ten years ago and currently operate in Boston’s Back Bay.

17 Jun 2014

HFF Secures $50.6m Refinancing for Six-Property Retail Portfolio

HFF Linear Retail LoanBoston Globe (6/17/2014)- The commercial real estate services firm HFF said that it has secured a $50.6 million refinancing for a six-property retail portfolio that includes Burlington Marketplace, Peabody Gardens, Flint Village Plaza in Fall River, 345 Main Street in Reading, and 1 Carlisle Road in Westford.

Working on behalf of Linear Retail Properties, a Burlington-based owner, developer, and acquirer of retail properties, HFF said it placed the fixed-rate loan with Allianz Real Estate of America, LLC. Loan proceeds will be used to pay off existing debt.

7 May 2014

Linear Doubles Down On Framingham CRE

Margaritas Restaurant Framingham MAThe Real Reporter; Framingham — Mere months after fulfilling a decade-long goal to invest in this Metro-West shopping haven, Linear Retail Properties has landed its second Framingham asset, paying $3.17 million for 725 Cochituate Rd., a standalone 8,025-sf building net leased to Margarita’s Restaurant. Situated at the signalized intersection of Cochituate Road and Speen Street, the 1.3-acre parcel had been held by Generazio Realty Trust since June 1957.

Burlington-based Linear was founded in 2003 by William J. Beckeman in a $300 million partnership with Principal Real Estate Investors to pursue “convenience-oriented retail” throughout New England, with a concentration in top markets including Boston’s Newbury Street, Burlington and Nashua, NH. When the firm paid $2.4 million last December for 140-142 Worcester Rd. in Framingham, Director of Acquisitions Aubrey Cannuscio recounted how his firm’s goal “since Day One”