In The News | Linear Retail

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.

11 Apr 2019

Red White Japanese Vegan Opens This Weekend on Newbury Street
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Boston Magazine – The newest fast-casual lunch spot on Newbury Street aims to make its customers believe in the power of humble rice and vegetables. Red White Japanese Vegan is opening this weekend, with a takeout menu centered on “Humble Bowls” of mixed grains and greens, and vitamin-packed toppings developed with wellness in mind.

Red White is the first U.S. project from Toc Kobayashi, a 32-year-old entrepreneur who operated a dozen restaurants in Japan, including a popular Tokyo izakaya called Ore no Sakana wo Kuttemiro. A few years ago, he sold most of his restaurants in Japan, and has been focused on bringing an affordable, authentically Japanese lunch concept to the U.S., Kobayashi says through a translator. He teamed up with Keita Ueki, who developed the recipes for the Red White menu and serves as general manager of the Newbury Street location.

9 Jan 2019

Downtown Lexington Retail Property Sells for $2M
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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.

8 Jan 2019

Linear Retail Acquires 25 Waltham Street Downtown Lexington
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Linear Retail’s Second Lexington Acquisition
(Burlington, MA; 01/08/2019) – Linear Retail Properties, LLC, announced today that it has acquired 25 Waltham Street, a 3,729 square foot single-story, storefront retail property located in downtown Lexington, MA for $2,050,000.

Jeremy Cyrier of MANSARD represented the seller in this transaction and presented the opportunity to Linear Retail. Rick Rostoff, VP – Acquisitions of Linear Retail managed the deal on behalf of the buyer.

The property is located on Waltham Street near the intersection of Massachusetts Avenue in the heart of Lexington’s downtown shopping district and is adjacent to a 115 space municipal parking lot. Currently, 25 Waltham Street is available for lease. Contact at Linear Retail is Joel Kadis, Partner – Leasing & Development. Linear Retail also owns the Giroux Building on Massachusetts Avenue which is tenanted by Via Lago, Royal Indian Bistro and Sanyo restaurants; Abbott’s Frozen Custard, Eastern Bank and other retail operators.

21 Dec 2018

Linear Retail Properties Acquires Retail Property in Boston for $5M
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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.