Shopping Centers Today– Craft Beer is providing quite the buzz to the retail market. There are nearly 2,400 craft breweries now operating in the U.S., and both volume and dollar share of the entire U.S. retail beer market is growing rapidly. And it is not just the beer connoisseurs of the world who are enjoying a tasty beverage. “Even the average Joe has engaged in craft beer,” said Darren Tristano, an executive vice president at Technomic, a Chicago-based food-industry research and consulting firm. “It’s not too expensive; craft beer is an affordable indulgence, and consumers are willing to spend more money for it.”
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(Burlington, MA; 05/13/2013)– Linear Retail Properties, LLC, announced today that their Vice President of Leasing and Asset Management, Jim Clifford, has transitioned to Vice President of Acquisitions. Clifford has held this position previously at Linear Retail however now he will be applying a new strategy to the job.
While Linear Retail continues to acquire properties in eastern MA, southern NH and RI, Clifford will be focusing most of his effort on targeted New England cities and towns that are considered the top markets in the region. His goal is to deepen Linear Retail’s knowledge of those markets, while strengthening relationships with property owners, brokers and community leaders, with the goal of buying more properties.
Clifford started with Linear Retail in January of 2004 as Analyst where he was responsible for the underwriting and closing of 50 retail acquisitions throughout New England. In 2009, Jim moved to the Asset Management and Leasing side of the business. In this role he managed many of Linear Retail’s Boston properties as well as properties in the northern Massachusetts and New Hampshire suburbs.
(Burlington, MA; 05/13/2013) – Linear Retail Properties, LLC, announced the opening of Elements Massage at their Amherst Street Village Shopping Center at 550 Amherst Street in Nashua, New Hampshire. Hank Blake, Principal at Blake Commercial brokered the deal, representing the tenant.
Elements Therapeutic Massage is a therapeutic massage studio with licensed massage therapists, flexible scheduling and affordable prices. Services include various massages: deep-tissue, hot stone, Swedish, sports, pre-natal and trigger-point work.
Amherst Street Village is a 48,300 sf shopping center anchored by Walgreens and PetSmart on Route 101A at the entrance to Target and Panera Bread. There is currently one 1,600 sf space available for lease.
(Burlington, MA; 02/05/2013)– Linear Retail Properties announced today their recent hiring of Jeffrey Boehning as Senior Vice President of Asset Management. Jeff will be responsible for overseeing all of Linear Retail’s asset management and construction activities.
Bill Beckeman, President and CEO of Linear Retail stated, “Jeff brings many talents to our team that will allow us to continue our steady portfolio growth in the coming months and years.”
Prior to joining Linear Retail, Jeff served as Senior Vice President for LaSalle Investment Management in Chicago with responsibilities including asset management, leasing, development and dispositions with a particular focus on retail and industrial assets. Before LaSalle, Jeff held various roles at Inland Retail Real Estate Trust in Chicago including Vice President of Asset Management.
Jeff holds an M.B.A. in Real Estate Finance from DePaul University and a B.S. in Business Administration from Elon University.
(Burlington, MA; 01/02/2013)– Linear Retail Properties, LLC, announced today two purchases in Nashua, New Hampshire at 219 and 285 Daniel Webster Highway, completed in separate transactions.
On December 18th, Linear Retail purchased 219 Daniel Webster Highway, a 43,947 square foot development site which was owned by Cumberland Farms, Inc. The purchase price was $1,450,000. Linear Retail plans to redevelop the site into a single-story shopping center of approximately 12,000 square feet (divisible to 1,500 square feet). Joel Kadis, Partner of Leasing at Linear Retail will handle the leasing of the site.
Five Guys’ Downtown Crossing location is a 3,422 square foot space with seating for 75 people. The restaurant serves burgers, hot dogs, sandwiches and french fries. Customers will also be able to order online, through their smart phone or via text messaging.
Adam Conviser of Conviser Property Group represented Five Guys and Tom Sibley of Atlantic Retail Properties represented Linear Retail. Joel Kadis, Partner of Leasing with Linear Retail stated, “We are happy to see the transformation of this once boarded-up storefront into Five Guys’ first restaurant in Downtown Boston. There has been a lot of positive activity in Downtown Crossing in the past year and Five Guys adds another desirable dining option for nearby workers, residents and visitors.”
(Burlington, MA; 11/05/2012)– Linear Retail Properties, LLC, announced today a lease signing with Orange Leaf Frozen Yogurt at Lakeview Shopping Center located at 1734 Lakeview Ave. & Tennis Plaza Road in Dracut, Massachusetts.
Orange Leaf is a rapidly expanding, self-serve frozen yogurt concept with locations across the country and eight so far in Massachusetts. The yogurt company offers 69 various flavors ranging from traditional flavors like chocolate, orange and lemon to new-time favorites like Oreo cookie cake, snickerdoodle and red velvet. All of Orange Leaf’s frozen yogurt flavors are made with fat free milk and some are gluten-free or sugar-free. Available toppings include fruits, nuts, candy and cereal. The new location, opening spring 2013, will feature a vibrant orange and green decor with various modern seating options.
(Burlington, MA; 10/24/2012)– After an extensive project dedicated to the revamp of Central Plaza in Wellesley, Linear Retail Properties, LLC is proud to announce completion of the renovation of the shopping center.
Earlier this month, Linear Retail hosted a Ribbon Cutting Ceremony to mark the Grand Re-opening of Central Plaza in Wellesley celebrating the renovation of the new façade and back parking lot along with new tenants that opened in 2012. New tenants include: MiniLuxe, Gustare Oils & Vinegars, Wellesley Theatre Project and Boloco.
(Burlington, 10/19/2012) – Yesterday evening Linear Retail’s Partner of Leasing, Joel Kadis was honored with receiving the first annual “Citizen Champion Award” at the Newton Business Excellence Awards Ceremony.
The letter to Joel Kadis from Newton Economic Development Commission Chairman, Christopher Steele stated, “The Newton Economic Development Commission has developed the Newton Economic Development Business Award Program to recognize local businesses, individuals and organizations who contribute to the economic and business well-being of Newton.
(Burlington 8/29/2012)- Linear Retail Properties welcomes the addition of Pure Barre and Red Carpet Nails to Burlington Marketplace shopping center, located at 68 Burlington Mall Road in Burlington, MA. Pure Barre is an upscale fitness center soon to have four locations in Massachusetts, with many other locations all over the country. Red Carpet Nails is a high end nail Salon and Spa. The two new tenants will be joining Starbucks, Chipotle, Yeh! Yogurt, b.good, Jos. A. Bank, Elizabeth Grady and more. Burlington Marketplace is on Mall Road across from the Burlington Mall, New England Executive Office Park and Lahey Clinic.
Click here for a video featuring the Burlington Marketplace, and our Leasing Representative, Evan Eisenhardt.