All posts tagged Retail Acquisitions

25 Jun 2015

Linear Retail Acquires Giroux Building in Lexington for $10.45 Million
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The Giroux Building Lexington Shopping Center Business (Lexington, MA) – Linear Retail Properties LLC has acquired the Giroux Building, an 18,228-square-foot multi-tenant property with storefront retail located in downtown Lexington, for $10.45 million.

The fully leased block of retail stores is comprised of nine local and regional tenants including Via Lago Restaurant, Yangtze River Restaurant, Eastern Bank and Dellaria Salon. Connie Neville of Sperry Van Ness/Neville & Associates represented the seller, The Giroux Building Unlimited Partnership.

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.