All posts tagged Acquisitions

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.”

3 Apr 2017

Linear Buys Boston Retail Condo For $2.6M
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Banker & Tradesman – Burlington-based Linear Retail Properties LLC has acquired a retail condo at 127 Tremont St. in Boston for $2.6 million.

The 2,135-square-foot space across from the MBTA’s Park Street station is leased to a Dunkin’ Donuts franchisee, Watermark Donut Co.

Tremont Street LLC 127 of Charlestown acquired the 6-story building on March 10 for $7.8 million and carved out a condo structure for the ground-floor space. Linear has acquired 24 retail properties in Boston and is seeking to complete additional similar transactions, CEO Bill Beckeman said in a statement.

12 Jan 2017

Linear Retail Acquires 51,000 SF Shopping Center in Manchester, NH
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Manchester-Maple-Tree-Mall-Linear-Retail(Burlington, MA; 01/12/2017)- Linear Retail Properties, LLC, announced today that it acquired Maple Tree Mall located at 535-555 Hooksett Rd. in Manchester, NH for $4,000,000.

Maple Tree Mall is a 51,000 SF shopping center located 1/2 mile south of Interstate 93, exit 9, and 1 mile north of downtown Manchester/Elm Street. Center tenants include; La Carreta Mexican Restaurant, SalonCentric, Cyr Kitchen & Bath Home Design Center and Papa Gino’s. There is 1,600 – 18,000 SF available for lease.

12 Jan 2017

New owner plans renovation at Maple Tree Mall
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Manchester-Maple-Tree-Mall-Linear-RetailThe Union Leader – The Maple Tree Mall is in line for a facelift.

A Massachusetts firm bought the North End strip mall for $4 million.

“We’ll renovate it to bring it into the current century,” said Aubrey Cannuscio, partner of acquisitions for Linear Retail Properties, LLC of Burlington, Mass.

A “significant amount” of money will be invested to make improvements to the mall’s facade, signage, lighting and parking lot, he said Thursday.

15 Dec 2016

Linear Retail Acquires its Eighth Nashua Property
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linear-retail-nashua-acquisition-bk-old-navy(Burlington, MA; 12/15/2016)- Linear Retail Properties, LLC, announced today that it acquired two retail properties in Nashua, NH along the Daniel Webster Highway/Spit Brook Road retail block for $12.5 million. The freestanding buildings are leased to Old Navy and Burger King.

The two buildings, totaling 27,673 SF, are located in close proximity to six other Linear Retail properties including; Daniel Webster Crossing, Daniel Webster Plaza, Daniel Webster Shops, and freestanding properties leased to Barnes and Noble, Chili’s and Uno’s.

Geoffrey Millerd and Justin Smith of Newmark Grubb Knight Frank represented the Seller and Aubrey Cannuscio, Partner – Acquisitions, represented Linear Retail.

11 Feb 2016

Linear Retail Acquires Historic Friend Block in Concord, MA
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Friend's Block Concord 1(Burlington, MA; 2/11/2016) – Linear Retail Properties, LLC, announced today that it acquired the two-story Friend Block located at 49-57 Main Street in Concord, MA for $4.7 million. The property was sold by the Friend Block Realty Trust.

The Friend Block is located at the center of Concord’s shopping district at the intersection of Main St (Rte. 62) and Walden St. Originally constructed in 1892, the 11,740 SF site is on the National Registry of Historic Places. The site is named after John Friend, who opened a pharmacy in the late 1800’s.

Mostly vacant, Linear expects to fill the building with shops complementary with Concord’s town center. Linear plans on modernizing the building’s interior while respecting the exterior’s historic design. Those interested in leasing should contact Joel Kadis, Partner – Leasing & Development of Linear Retail.

4 Feb 2016

Concord’s Friend Block is purchased by Linear Retail Properties
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Friend's Block Concord 1 Wicked Local – Linear Retail Properties, LLC, has announced that it acquired the two-story Friend Block located at 49-57 Main St. in Concord, MA for $4.7 million. The property was sold by the Friend Block Realty Trust.

The Friend Block is located at the center of Concord’s shopping district at the intersection of Main St (Rte. 62) and Walden Street. Originally constructed in 1892, the 11,740-square-foot site is on the National Registry of Historic Places. The site is named after John Friend, who opened a pharmacy in the late 1800s.

Linear expects to fill the building, which is mostly vacant, with shops complementary with Concord’s town center. Linear plans on modernizing the building’s interior while respecting the exterior’s historic design.

1 Feb 2016

Linear Retail Pays $12M for 7th Nashua Property
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Barnes & Noble_235 Daniel Webster Hwy Nashua, NHThe Real Reporter- NASHUA, NH — And now there is one—owner, that is, of all four retail properties at what Linear Retail Partners principal William J. Beckeman deems “arguably the best intersection in all of Nashua,” and if so, that is good news for his Burlington, MA-based operation that just paid $12 million to secure the Barnes & Noble Bookstore at 235 Daniel Webster Highway, complementing three other assets assembled over the past decade where Spit Brook Road converges with DWH.

“It fills out the corner nicely for us,” Beckeman tells Real Reporter in the wake of an all-cash deal that completes the four-piece puzzle at that light and brings Linear’s overall Nashua portfolio to seven properties. “It’s a great fit fot us,” Beckeman says in stating the obvious that, “we like Nashua a lot” even as the firm’s expanding fiefdom of convenience-oriented retail stretching from New Hampshire to Rhode Island and now at 80 assets overall continues to expand in other markets, with 2015 an especially active season on the acquisitions front, that group led by Aubrey Cannuscio.

1 Feb 2016

Linear Retail Acquires 7th Nashua Property
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Barnes & Noble_235 Daniel Webster Hwy Nashua, NH(Burlington, MA; 02/01/2016)– Linear Retail Properties, LLC, announced today its 7th purchase in Nashua, New Hampshire at 235 Daniel Webster Highway. The property is tenanted by Barnes & Noble and is located at the corner of Daniel Webster Highway & Spit Brook Road.

The Barnes & Noble property is a 29,554 square foot, single-story, free standing building. The purchase price was $12 million. The property is Linear Retail’s sixth acquisition on Daniel Webster Highway, Nashua’s premier shopping district. Linear also owns a shopping center on Rte. 101A/Amherst St. in north Nashua adjacent to Target.

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