News Linear Retail Acquires Needham Center Shoppes in Needham, MA

Needham Center Shoppes | 113-133 Chapel St. & 1013-1019 Great Plain Ave. in Needham, MA

Linear Retail Retail Properties, LLC announced today that it has acquired Needham Center Shoppes in Needham, MA. The fully leased, single-story 11,330 SF store block is located at 113-133 Chapel Street & 1013-1019 Great Plain Avenue. The purchase price was $7 million.

Needham Center Shoppes is located approximately 10 miles southwest of Downtown Boston in the affluent community of Needham. The retail store block is located in Needham Center prominently across from the Needham Center town common directly adjacent to a 98 space municipal parking lot. The Needham MBTA train station is also situated behind the property. Current tenants include Needham Center Fine Wines, Citizens Bank, Gari’s Japanese Fusion Bistro, Bagel’s Best, Kumon and Beauty Muse. 

The retail store block had been owned and operated by the Heffernan family since 1970, originally purchased by Michael Heffernan, and managed by him and his daughter, Betsy Heffernan, for thirty years.

Betsy Heffernan commented, “It has been a pleasure working with the Linear Retail team on the sale of this property that has been owned by our family for over half a century. Our family took great pride in successfully operating this important property for over 55 years. Our family takes comfort in knowing the property will be thoughtfully managed and preserved by a team that truly appreciates its significance and contribution to Needham Center.”

Aubrey Cannuscio, Co-CEO of Linear Retail commented, “Our team takes great pride in being entrusted with the stewardship of such an important property. We are excited to add this quality property to our growing portfolio and remain fully committed to preserving its legacy while continuing to improve upon its past success.”

For more info on the property, see property page here.