Press Releases

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.

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

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 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.

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.

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.

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.”

4 Oct 2018

Crunch Fitness & Pacific Dental Services To Open on Rte. 9 in Westborough
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2,200 SF and 3,000 SF Space Available
(Burlington, MA) NEW TENANTS ALERT! Today we are announcing two new tenants that will be joining 9 West Plaza in Westborough, MA at the signalized intersection of Rte. 9 and Oak Street. Crunch Fitness has signed a lease for 19,206 SF and Pacific Dental Services has signed a lease for 3,496 SF.

Dan Dori and Josh Durell of Blackline Retail Group, LLC represented Crunch Fitness in the transaction. Jim Bagley and Ben Starr of Atlantic Retail represented Pacific Dental Services. Evan Eisenhardt, VP of Leasing in our office, represented both tenants for Linear.