All posts tagged Linear Retail acquisitions

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.

13 Apr 2012

Linear Retail Acquires 4th Property In Three Weeks
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926-950 South Willow Street Manchester, NH$4.38 Million Acquisition of 926-950 South Willow Street in Manchester, NH

(Burlington, MA; 04/13/2012)
– Linear Retail Properties announced today their purchase of a 9,870 square foot shopping center at 926-950 South Willow Street in Manchester, New Hampshire. The $4,385,000 purchase marks Linear Retail’s fourth acquisition in three weeks, expanding the company’s portfolio to 61 properties throughout Massachusetts, New Hampshire, and Rhode Island.

The plaza is situated at a prominent, signalized intersection in the heart of the South Willow Street retail area, directly across from the TJ Maxx Shopping Center. The shopping center is fully leased to four tenants; Chipotle Mexican Grill, Mattress Giant, US Cellular and Hannoush Jewelers.

Rick Rostoff with Spectra Realty, brokered the transaction, representing Linear Retail as the buyer.

3 Apr 2012

Linear Retail Properties adds to its Hub portfolio with purchases on Congress and Newbury streets
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The Boston Globe Business – Linear Retail said it has bought two Boston retail properties, one on Congress Street in the city’s Fort Point neighborhood, the other on Newbury Street.

A Burlington-based real estate firm, Linear Retail said it has purchased retail locations on the lower levels of 346-354 Congress St. for $4.8 million.

The upper levels of the seven-story building have been redeveloped into luxury condos by Berkeley Investments Inc., a Boston-based real estate investment and development company. The retail space that Linear just bought is fully leased to two tenants, Barrington Coffee Roasting Co. and Barbara Lynch Gruppo. Celebrity chef Barbara Lynch occupies 14,286 square feet of space there and operates three separate restaurants — Menton, Sportello, and Drink, Linear Retail said. Boston Urban Partners brokered the transaction, representing the seller, 346 Congress Street LLC, and procuring Linear Retail as the buyer.