The purchase price for the property was $5,500,000. The seller was represented by Jenny Ng of The Network Group.
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Wicked Local – By Heather Beasley Doyle
Thinking ahead to Patriots’ Day, if you venture out to the Lexington parade, you might want to take along a little extra cash—and some space in your stomach, too. If all goes as planned, Abbott’s Frozen Custard will open its first Lexington store in mid-April, “before Patriots’ Day,” according to franchise owner and Lexington resident Jason Denoncourt.
Abbott’s will move into the space at 1853 Mass. Ave. vacated in the summer of 2015 by Candy Castle, which had been there for more than three decades. The frozen custard establishment will be Abbott’s third in Massachusetts.
Construction on the location, owned by Linear Retail, should begin this week, Denoncourt said. It should take about six to eight weeks. From there, he plans to “hire staff and get it all up and running.” For now, the store’s windows are plastered with images of frozen custard cones and the Abbott’s logo, concealing the interior of the space.
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.