All posts tagged Mass Ave

17 Jan 2020

These Cambridge and Somerville retail properties changed hands for $8M
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Boston Business Journal – Burlington-based Linear Retail Properties has acquired two retail properties in Cambridge and Somerville for a combined $7.775 million amid a broader effort to expand its portfolio in those markets and others inside Route 128.

The first of the two properties is 1755-1761 Massachusetts Ave., a 6,291-square-foot single-story property located near the MBTA Red Line’s Porter Square station. The property, which Linear acquired for $3.625 million, is leased to The Abbey Irish Pub, One Ramen & Sushi, The Laundry Room and Judy Jetson hair salon.

“We were able to achieve our client’s goal of selling a prized family asset that was owned for over 40 years while the buyer, Linear Retail, was able to expand their footprint in Cambridge. This sale highlights the continued strength of the overall retail real estate market in Cambridge,” said Anthony Bruno and Kerry Dowlin of Gibson Sotheby’s International Realty, who brokered the sale.

8 Jan 2020

Linear Expands Cambridge Footprint with $3.625M Porter Square Legacy Purchase
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Real Reporter – Linear Retail, the leading owner of New England retail properties added yet another to their vast regional portfolio with it’s purchase of 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. The purchase price was $3.625M.

The acquired property, two blocks from the Porter Square Red Line station, is fully leased to four tenants including: The Abbey Irish Pub, One Ramen & Sushi, The Laundry Room and Judy Jetson hair salon.

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.