In The News | Linear Retail

22 Jul 2020

Cannuscio and Kadis selected to head Linear Retail
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New Leadership for Shopping Center Owner

(Burlington, MA; 07/22/2020)- Linear Retail Properties, LLC, announced today that it has elevated Aubrey Cannuscio to Chief Investment Officer and Joel Kadis to Chief Real Estate Officer. The two executives will lead the company effective immediately. In addition, Cannuscio and Kadis have been appointed to the company’s board.

Cannuscio and Kadis assumed leadership from Bill Beckeman, the company’s long-time CEO, who retired in June. Beckeman founded Linear Retail in 2003, and under his leadership the company acquired over 100 properties and achieved an enviable investment track record.

22 Jul 2020

Linear CEO Bill Beckeman retires, and Cannuscio and Kadis will lead the company
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SCT By Amanda Metcalf Editor in Chief, SCT – Linear Retail Properties CEO Bill Beckeman retired in June. The company has promoted Aubrey Cannuscio to chief investment officer and Joel Kadis to chief real estate officer. The pair will take over leadership of the company in Beckeman’s place and have been appointed to the company’s board. Each has been with the company since Beckeman founded it in 2003. Cannuscio will oversee acquisition and financing efforts, and Kadis will handle leasing, asset management, construction and development. Linear currently owns 88 retail properties.

18 Jun 2020

ICSC members are taking #backtogether2020 viral
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By Brannon Boswell, Executive Editor/SCT
ICSC – June 18, 2020: A tight-knit group of shopping center marketing professionals has launched a campaign to make ICSC’s Back. Together. marketing campaign go viral. Back. Together. is a marketing and branding initiative ICSC launched in May to help its members communicate with one voice about the economic importance of retail and retail real estate as the country recovers from COVID-19. ICSC members can customize the assets in the marketing toolkit and can leverage them in physical and digital channels. The campaign emphasizes community and togetherness.

“I was itching to reach as many of our partners as possible and to share something in a really fun way,” said Urban Edge Properties vice president of marketing Andrea Simpson. “Preparing to reopen is a serious task, but I wanted to be able to share something that was fun and had the potential to become more viral than a sign on the property. The Back. Together. campaign provided us with the umbrella and the opportunity to do that.”

17 Jun 2020

ICSC Rolls Out Marketing Toolkit as Retail Aims to Recover
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Kathy Willens/AP/Shutterstock

The “Back. Together.” campaign aims to help an industry that generates $400 billion in state and local taxes. – By Arthur Zaczkiewicz

WWD – The International Council of Shopping Centers has launched, what it calls a “landmark campaign,” aimed at providing a marketing toolkit “to help retailers and owners of retail spaces communicate with one voice through the process of economic reopening.”

The campaign was developed by Makeable. The ICSC said in a statement that the campaign “highlights the relationship ICSC’s members share with consumers and their communities, showing that we can rebuild our communities safely and effectively.” The ICSC noted that the retail sector was one of the hardest-hit business segments by the COVID-19 pandemic. The organization described retail spaces as “pillars of our communities — nearly 25 percent of U.S. jobs are retail-related and the sector generates approximately $400 billion of state and local taxes.”

17 Mar 2020

A Message to Our Community in Regards to COVID-19
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Please know that we are fully engaged, actively following the COVID-19 situation and that the safety of our staff, tenants and communities we live and work in are of the utmost importance to us.

Our property management team, KeyPoint Partners, is committed and available for all property issues. As always, there is a 24-hour property emergency line available if needed: 1-800-895-0731

17 Jan 2020

These Cambridge and Somerville retail properties changed hands for $8M
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Boston Business Journal – Burlington-based Linear Retail Properties has acquired two retail properties in Cambridge and Somerville for a combined $7.775 million amid a broader effort to expand its portfolio in those markets and others inside Route 128.

The first of the two properties is 1755-1761 Massachusetts Ave., a 6,291-square-foot single-story property located near the MBTA Red Line’s Porter Square station. The property, which Linear acquired for $3.625 million, is leased to The Abbey Irish Pub, One Ramen & Sushi, The Laundry Room and Judy Jetson hair salon.

“We were able to achieve our client’s goal of selling a prized family asset that was owned for over 40 years while the buyer, Linear Retail, was able to expand their footprint in Cambridge. This sale highlights the continued strength of the overall retail real estate market in Cambridge,” said Anthony Bruno and Kerry Dowlin of Gibson Sotheby’s International Realty, who brokered the sale.

14 Jan 2020

Linear Retail Acquires First Property in Somerville
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Linear Retail Properties, LLC, announced today that it has purchased 519 Somerville Ave. in Somerville, MA – a 4,632 square foot, single-story shopping center located between Porter Square and Union Square. The purchase price was $4.150M.

The three-tenant center is located at a signalized intersection across from Walgreens and adjacent to the recently approved, six-story Cambria Hotel. The property is fully leased to Dunkin’, The UPS Store and Wings Over Somerville, and includes a 13-space parking lot.

8 Jan 2020

Linear Expands Cambridge Footprint with $3.625M Porter Square Legacy Purchase
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Real Reporter – Linear Retail, the leading owner of New England retail properties added yet another to their vast regional portfolio with it’s purchase of 1755-1761 Massachusetts Ave, a 6,291 square foot, single-story store block consisting of three retail condominiums in the Porter Square neighborhood of Cambridge. The purchase price was $3.625M.

The acquired property, two blocks from the Porter Square Red Line station, is fully leased to four tenants including: The Abbey Irish Pub, One Ramen & Sushi, The Laundry Room and Judy Jetson hair salon.

8 Jan 2020

Linear Retail Acquires Porter Square Retail Property
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Retail Condos Purchased for $3.625M in Cambridge, MA

(Burlington, MA; 01/08/2020) – Linear Retail Properties, LLC, announced today that it has purchased 1755-1761 Massachusetts Ave. – a 6,291 square foot, single-story store block consisting of three retail condominiums in the Porter Square neighborhood of Cambridge, MA. The purchase price was $3.625M.

The acquired property, two blocks from the Porter Square Red Line “T” station, is fully leased to four tenants including: The Abbey Irish Pub, One Ramen & Sushi, The Laundry Room and Judy Jetson hair salon.

17 Apr 2019

Linear Retail Acquires 2nd Property in the Heart of Wellesley Square
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Linear Retail Wellesley AcquisitionTwo Building Storefront Retail Property in Wellesley, MA Purchased for $17.6M

(Burlington, MA; 04/17/2019)– Linear Retail Properties, LLC, announced today that it has acquired 61-71 Central Street – two storefront retail buildings totaling 17,900 square feet in the heart of downtown Wellesley Square in Wellesley, MA, including an adjoining 60 space parking lot. The purchase price was $17.6 million.

The property is fully occupied by seven tenants including: CVS Pharmacy, Coldwell Banker Residential Brokerage, Wasik’s Cheese Shop, J.P. Licks, Papyrus, Vision Optics and Mane & Mani. A 60-car private parking lot for the property’s tenants is located behind the building, abutting the Wellesley Square Commuter Rail station.