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.
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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.”
NREI – Linear Retail has been listed on National Real Estate Investor’s, “Top Retail Owners of 2018.” The listing of the top owners of retail real estate was compiled using responses to NREI’s top owners of retail real estate survey, earnings reports and company Web sites. It is based on the total size of the companies’ U.S. portfolios as of Dec. 31, 2017.
See full list here: https://www.nreionline.com/retail/2018-top-retail-owners
Linear Retail Properties, of Burlington, Mass., purchased the property on Tuesday, Dec. 13, from Spitbrook Shopping Center LLC, which is owned by Saxon Partners, of Hingham, Mass.
Boston Real Estate Times – BOSTON, MA – Holliday Fenoglio Fowler, L.P. (HFF) announced that it has arranged $34.5 million in first mortgage financing for Alewife Brook Parkway Shopping Center, a 47,004-square-foot, Trader Joe’s and CVS-anchored center in Cambridge, Massachusetts.
Working on behalf of Linear Retail Properties, LLC, HFF placed the fixed-rate loan with Nationwide Life Insurance Company.
Catherine Millane Joins Linear as Acquisitions Analyst
Catherine joined Linear Retail this month as an analyst in the acquisitions department. In her role, Catherine is responsible for underwriting new acquisitions opportunities, coordinating due diligence activities, and providing support to the asset management and leasing teams.
Prior to joining Linear, Catherine worked at RAIT Financial Trust, a publicly traded real estate investment trust based in Philadelphia.
Burlington (9/14/2016) – Linear Retail welcomes Ken Nolan as the newest member of the team. In his role as Asset Manager, he manages a portfolio of assets located in New Hampshire and Massachusetts, which includes both suburban and urban retail properties. Ken is responsible for developing a strategy to maximize the value of each asset and putting that strategy into effect, utilizing Linear’s in-house leasing, marketing and construction teams.
Prior to joining Linear Retail Properties, Ken was a Vice President of Real Estate with Capital Crossing Servicing Company, where he was a part of the Asset Management and Acquisition teams. He was responsible for a $200 million portfolio of real estate assets throughout the country, across all property types. He also participated in the acquisitions of distressed real estate loans totaling over $3 billion. Ken earned his law degree at Suffolk University Law School and is admitted to the Massachusetts bar.
Shopping Centers Today– Not all father-daughter combinations work side by side in the industry, but they may still share a common bond that augments the family relationship. Such is the case with William (Bill) Beckeman, president and CEO of Burlington, Mass.-based Linear Retail Properties, and his daughter Bridget.
Bill founded Linear Retail, which owns, acquires, develops and manages retail properties in New England, in 2003. He is trained as a structural engineer, but also spent years in property management with John Hancock Properties and as a partner with Finard & Co. He has two daughters. Bridget, 28, is a Harvard graduate and has been an asset manager at Jamestown Properties since 2014. Her sister, Lily, 26, lives in New York City and is involved in the fashion industry.
NREI – Linear Retail has been listed on National Real Estate Investor’s, “Top Retail Owners of 2016.” The listing of the top owners of retail real estate was compiled using responses to NREI’s top owners of retail real estate survey, earnings reports and company Web sites. It is based on the total size of the companies’ U.S. portfolios as of Dec. 31, 2015.
See full list here: https://nreionline.com/retail/2016-top-retail-owners
NASDAQ – WESTERLY, R.I., Sept. 28, 2015 (GLOBE NEWSWIRE) — Washington Trust’s Commercial Real Estate Group (Nasdaq:WASH) recently provided $20.67 million to Linear Retail Properties for the financing of Eaglewood Shops, a 77,558 square-foot shopping center located at 175 Turnpike Street in North Andover, MA.
Eaglewood Shops is a Class A retail center comprised of three buildings across 13 acres and is anchored by Staples. The fully leased center also includes Burton’s Grill, Pier 1 Imports, Jos. A. Bank, Chico’s, Chipotle, b.good and other national and regional retailers. Built in 2005 along Route 114, it is situated at the primary retail corridor of North Andover. Linear Retail acquired the Shops in June 2015.