In The News | Linear Retail

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.

20 Dec 2018

Linear Retail Acquires Prime 3-Story Downtown Crossing Property
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(Burlington, MA)– Linear Retail Properties, LLC, announced today that it has acquired 19-21 School Street, a three-story, 8,131 square foot building in the Downtown Crossing neighborhood of Boston, MA. The property is located near the intersection of School Street and Washington Street on the Freedom Trail and within a short walk of three MBTA stations (Park Street, Downtown Crossing and State Street).

The purchase price for the property was $5,000,000. Mike Edward, Jake Golden and Jon Gifford of Perry Brokerage Associates represented the Seller, Envision Bank, in the transaction. Edward of Perry noted, “Our marketing effort resulted in significant interest and multiple competitive offers. Linear presented the most compelling offer for Envision and executed flawlessly, closing at their offer price. It was a pleasure working with the Linear team.”

14 Dec 2018

Caffè Nero Concord, MA Ribbon Cutting Ceremony Marks Opening
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(Burlington, MA; 12/14/2018) – Linear Retail Properties, LLC, announced today that it had a ribbon cutting ceremony for Caffè Nero in Concord, MA. The 2,803 SF café is now officially open at 55-57 Main Street in the historic Friend Block.

Town officials, Concord Chamber of Commerce board members, Caffè Nero representatives, and Linear Retail gathered November 30th for a ribbon cutting ceremony welcoming the new café to downtown Concord. The European-based café is now serving Italian coffee and espresso based drinks along with locally sourced artisan baked goods from Concord’s Nashoba Brook Bakery. The café’s inviting design features a fireplace and elegant seating areas with antique furniture refurbished locally including several community tables.

28 Nov 2018

Caffe Nero opens in Concord Center: With video
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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
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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 Nov 2018

Linear Retail Acquires Newton Retail Portfolio
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Linear Retail Properties, LLC, announced today that it has acquired three retail properties in Newton Highlands including 1197-1203 Walnut Street, 1637 Centre Street and 1193 Walnut Street, as well as one property in Newtonville located at 309-321 Walnut Street.

The purchase price for the four property portfolio was $11,200,000. Linear Retail was represented by Tom Godino, President of Godino & Company, Inc. Godino noted, “This is the third transaction that I have closed with Linear Retail. 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.”