All posts in In The News

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.

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.

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.