In The News | Linear Retail

30 Jun 2011

Retail’s Long Reach
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Boston Bisnow Retail SummitBisnow Real Estate – Things are looking up when once bypassed locations like Somerville are on the radar for retailers. This morning, a standing room only crowd of 350 came to Bisnow’s Retail Summit at the Hyatt Regency to absorb knowledge from a panel representing the whole industry spectrum, from large format to specialty.

Our able moderator, Posternak Blankstein & Lund’s Jo-Ann Marazullo, guided Federal Realty Investment Trust’s Don Briggs, Centro Properties Group’s Barry Rodenstein, Target’s John Griffith, Chipotle’s Bradley Toothman,

24 Jun 2011

Clifford of Linear Retail Leases to Snappy Sushi at 108 Newbury Street
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Snappy Shushi Newbury StreetNew England Real Estate Journal – According to Linear Retail, Snappy Sushi officially opened at 108 Newbury St.

Key negotiators in the deal included Linear Retail’s vice president of asset management, Jim Clifford and Sterling Real Estate LLC president, Michele Messino.

Snappy Sushi is a contemporary sushi restaurant. The Newbury St. location is Snappy Sushi’s second restaurant; the other is in Davis Square in Somerville. Snappy Sushi is the only restaurant in Boston to use brown rice exclusively. Snappy Sushi features appetizers, salads, a la carte, fancy rolls, combinations, beer and wine. The new restaurant is two levels with a large communal table upstairs and table/bar seating downstairs. There is also a large seasonal outdoor patio.

27 May 2011

Linear Retail Properties Marks Grand Opening of Eastern Mountain Sports
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Eastern Mountain Sports WarwickNew England Real Estate Journal – Shopping Centers – Warwick, RI: City officials recently joined representatives of Eastern Mountain Sports and Linear Retail Properties, LLC to celebrate the store’s grand opening of its 1000 Bald Hill Rd. (Rte. 2) location.

City council president Bruce Place brought greetings and congratulations on behalf of mayor Scott Avedisian. Councilman Ray Gallucci, whose ward encompasses the property, and Karen Jedson, director of the city’s Department of Tourism, Culture and Development, attended and participated in the ribbon cutting.

18 May 2011

Linear Retail Acquires East Greenwich, RI Retail Buildings for $8M
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East Greenwich Commons shopping centerCitybiz Real Estate – Burlington, Mass-based Linear Retail Properties, LLC has purchase East Greenwich Commons, two retail buildings totaling 41,233 square feet at 507-563 Main St in East Greenwich, RI.

Geoff Millerd of Cushman & Wakefield brokered the transaction, representing the Seller and procuring Linear Retail as the buyer.

The purchase price for the properties, located on Route 1 – downtown East Greenwich’s primary retail corridor, was $8 million.

21 Mar 2011

Linear Retail Buys Newbury Street Properties
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292 Newbury Street retailBoston Globe – Linear Retail Properties, LLC, a Burlington company focused on acquiring and operating urban retail properties in New England, said it has bought four retail condominium units at Boston’s 292-296 Newbury St. for $5.99 million.

28 Jan 2011

Linear Retail acquires 62-66 Charles St., Boston from 7-Eleven for $4.1 million

NEREJ-Charles Street Boston Boston, MA Linear Retail Properties, LLC, has purchased 62-66 Charles St., a 3,246 s/f single-story retail building located in the heart of the historic Beacon Hill neighborhood of Boston. The purchase price was $4.1 million.

The building is located at the signalized intersection of Charles St. and Mt. Vernon St., locally known as the “Flat of the Hill” of Beacon Hill. It was constructed in 1951 and for the last 20 years operated as a 7-Eleven convenience store. 7-Eleven sold the property to Linear Retail and the 7-Eleven has been converted into an independently run convenience store named Charles Street Market.

According to Aubrey Cannuscio, Linear Retail’s partner in charge of acquisitions, “We are thrilled to take ownership of this marquee property. Sixty-two Charles St. marks our 8th property purchase in the city of Boston but our first in Beacon Hill. Our acquisition activity is on the rise again and we are excited about making many more purchases in 2011.”
Sixty-two Charles St. represents Linear Retail’s 56th retail property acquisition in New England since the company was founded in 2003 and its 3rd since September 2010.

Adam Conviser of Dedham-based Conviser Property Group was the sole broker in the transaction, representing 7-Eleven and procuring Linear Retail as the buyer.