All posts in In The News

9 Jan 2019

Downtown Lexington Retail Property Sells for $2M
Tags: , , , ,

Banker & Tradesman – A vacant, single-story retail building in the heart of Lexington has been sold for $2.05 million.

Linear Retail Properties LLC purchased 25 Waltham St., a 3,729-square-foot, single-story storefront retail property in Lexington Center. The property is currently available for lease, according to a statement from the company. The building was last sold in 1975 and is currently assessed for $640,000, according to town property tax records. The town’s zoning bylaw currently requires new banks and real estate offices to obtain a special permit from the town planning board.

21 Dec 2018

Linear Retail Properties Acquires Retail Property in Boston for $5M
Tags: , , , , ,

REBusiness Online – BOSTON — Linear Retail Properties has acquired a three-story, 8,131 square foot retail building in the Downtown Crossing neighborhood of Boston. The sales price was $5 million. Located at 19-21 School St., the entire building is currently vacant. Linear plans to lease up the property with a full-building retail tenant or restaurant operator. Mike Edward, Jake Golden and Jon Gifford of Perry Brokerage Associates represented the seller, Envision Bank, in the transaction.

28 Nov 2018

Caffe Nero opens in Concord Center: With video
Tags: , , ,

Photo Credit: Rob Carter, Wicked Local Staff

Wicked Local Concord The line stretched to the door on Wednesday, Nov. 28, as customers placed orders during the soft opening of the new Caffe Nero at 55-57 Main St. in Concord Center.

Concord’s newest coffee shop has been in the works for more than a year after property owner Linear Retail Properties signed a 10-year lease with the European coffee chain.

Director of Caffè Nero USA Jay Gentil said that seeing the store filled with customers it looked like “exactly what they wanted it to be.”

“It’s a neighborhood coffeehouse that serves really good coffee and really good food and allows the neighbors to come sit and socialize” Gentil said.

Gentil said that the morning had started slowly, but once the word got out that the shop was open it had been filled with a steady stream of customers.

Barbara White of Wayland said she wandered in for a French lesson with her tutor not knowing it was the opening day.

14 Nov 2018

Linear Retail Acquires Newton Retail Portfolio
Tags: , , , , , ,

Banker & Tradesman – Linear Retail Properties LLC has purchased a bundle of retail properties in Newton.

The company announced earlier this week that it has acquired three properties including 1197-1203 Walnut St., 1637 Centre St. and 1193 Walnut St., as well as one property in Newtonville located at 309-321 Walnut St.

The purchase price for the four-property portfolio was $11.2 million. Linear Retail was represented by Tom Godino, president of Godino & Co. Inc.

“This is the third transaction that I have closed with Linear Retail,” Godino said in a statement. “Linear presented the long-time owner with an unsolicited offer based upon limited information and they were able to close at an aggressive price. It was a pleasure working with the Linear team.”

12 Aug 2018

Million-dollar NH mall makeovers: Rapidly evolving to connect with today’s consumer
Tags: , , ,

Photo Credit: David Lane/Union Leader

New Hampshire Union Leader – The Maple Tree Mall in Manchester’s North End recently finished a $1 million facelift – including a new facade, sign and revamped parking lot.

“It brought it from the 1980s to 2018,” said Emily Martel, marketing manager for Milne Travel, a tenant there.

About a 20-minute drive away, a Massachusetts developer stripped a former Shaw’s plaza in Merrimack down to its structural steel, spending more than $6 million to transform it.

29 Jun 2018

Linear Retail Properties signs Abbott’s Frozen Custard to 850 s/f
Tags: , , ,

NEREJLexington, MA According to Linear Retail Properties, LLC, Abbott’s Frozen Custard has opened at its Giroux Building at 1833-1853 Massachusetts Ave. in downtown.

Abbott’s 850 s/f location offers a fun community-driven atmosphere with new flavors to choose from each day with frozen custard cones and bowls, milkshakes, cakes, cookie sandwiches and other frozen goodies. Their product is made fresh in-store with stores being able to create up to 1,000 different flavors. Jason Denoncourt, a 15 year veteran in the commercial real estate industry, is the owner as well as a local resident.

24 Jun 2018

Linear Retail Properties announces acquisition
Tags: , , ,

Wicked LocalREADING — Linear Retail Properties announced that it has acquired 1342 Main St. in Reading, a freestanding retail property currently leased to HomeGoods.

The purchase price for the property was $5,500,000. The seller was represented by Jenny Ng of The Network Group.

22 Jun 2018

Linear Retail Properties leases 2,600 s/f to Panda Express
Tags: , , ,

NEREJ – Nashua, NH According to Linear Retail Properties, LLC, Panda Express has opened at Daniel Webster Shops at 219 Daniel Webster Hwy. Panda Express occupies 2,600 s/f on the north end cap of The Shops.

Panda Express Nashua’s new location boasts a fresh and bright design with tiled floors, wooden tables, seating and various types of lighting.

5 Jun 2018

Linear Retail is listed on NREI’s 2018 Top Retail Owners
Tags: , ,

NREI – Linear Retail has been listed on National Real Estate Investor’s, “Top Retail Owners of 2018.” The listing of the top owners of retail real estate was compiled using responses to NREI’s top owners of retail real estate survey, earnings reports and company Web sites. It is based on the total size of the companies’ U.S. portfolios as of Dec. 31, 2017.

See full list here: https://www.nreionline.com/retail/2018-top-retail-owners

7 May 2018

Fashionable Whitea Annie Store Brings Linear Retail Unit to Life
Tags: , , , ,

Real Reporter Boston – Millennials are said to be loathe to brick-and-mortar retailing, but at least one stylish constituent of that generation is embracing a physical approach via her boutique women’s clothing store that recently opened right next to tony Newbury Street at a Linear Retail condominium. Founder Jiaming “Annie” Li’s vision is on display in 700 sf at 222 Clarendon St. where she offers a line of apparel featuring a Chinese theme. As for the old-school approach to pitching her wares, Li maintains “our store has many advantages” over an online platform.

“Here, I can interact with the customers and be sure to help them find what they need for any occasion,” she explains. “They can touch and feel the silkiness in products and pair them in person with accessories. We are known for having ultra-soft and cozy materials which our customers adore and items that are not mass-produced.”