(Burlington, MA; 05/13/2013)- Linear Retail Properties, LLC, announced today that their VP of Leasing and Asset Management, Jim Clifford has transitioned to VP of Acquisitions. Clifford has held this position previously at Linear Retail however now he will be applying a new strategy to the job.
While Linear Retail continues to acquire properties in eastern MA, southern NH and RI, Clifford will be focusing most of his effort on targeted New England cities and towns that are considered the top market in the region. His goal is to deepen Linear Retail’s knowledge of those markets, while strengthening relationships with property owners, brokers and community leaders, with the goal of buying more properties.
Clifford started with Linear Retail in February of 2004 as Analyst where he was responsible for the sourcing, underwriting and closing of 50 retail acquisitions throughout New England. In 2009, Jim moved to the Asset Management and Leasing side of the business. In this role he managed many of Linear Retail’s Boston properties as well as properties in the northern Massachusetts and New Hampshire suburbs.
(Burlington, MA; 05/13/2013) – Linear Retail Properties, LLC, announced the opening of Elements Massage at their Amherst Street Village Shopping Center at 550 Amherst Street in Nashua, New Hampshire. Hank Blake, Principal at Blake Commercial brokered the deal, representing the tenant.
Elements Therapeutic Massage is a therapeutic massage studio with licensed massage therapists, flexible scheduling and affordable prices. Services include various massages: deep-tissue, hot stone, Swedish, sports, pre-natal and trigger-point work.
Amherst Street Village is a 48,300 sf shopping center anchored by Walgreens and PetSmart on Route 101A at the entrance to Target and Panera Bread. There is currently one 1,600 sf space available for lease.
(Burlington, MA; 03/26/2013)- Linear Retail Properties, LLC, announced today that it secured a mortgage loan for $5,200,000 for Salem Park Plaza at 125 South Broadway in Salem, NH and a $5,880,000 refinance for Chelmsford Plaza at 103 Drum Hill Road in Chelmsford, MA from the Lowell, MA based, Enterprise Bank.
Linear Retail purchased Salem Park Plaza in January, 2013. The 37,933 sf plaza is fully leased; key tenants include Barnes & Noble, Pier 1 Imports and Jos. A. Bank. Chelmsford Plaza is a 24,262 sf fully leased shopping center that recently underwent an extensive renovation. Key tenants at Chelmsford Plaza include Starbucks, Sherwin Williams and Sprint. The new purchase and renovation fashioned an opportune time to refinance.
(Burlington, MA; 02/05/2013)- Linear Retail Properties announced today their recent hiring of Jeffrey Boehning as Senior Vice President of Asset Management. Jeff will be responsible for overseeing all of Linear Retail’s asset management and construction activities.
Bill Beckeman, President and CEO of Linear Retail stated, “Jeff brings many talents to our team that will allow us to continue our steady portfolio growth in the coming months and years.”
Prior to joining Linear Retail, Jeff served as Senior Vice President for LaSalle Investment Management in Chicago with responsibilities including asset management, leasing, development and dispositions with a particular focus on retail and industrial assets. Before LaSalle, Jeff held various roles at Inland Retail Real Estate Trust in Chicago including Vice President of Asset Management.
Jeff holds an M.B.A. in Real Estate Finance from DePaul University and a B.S. in Business Administration from Elon University.
(Burlington, MA; 01/17/2013)- Linear Retail Properties, LLC, announced today its purchase of Salem Park Plaza at 125 S. Broadway in Salem, New Hampshire, at the intersection of Rockingham Park Blvd. (Rt. 93, Exit 1). The acquisition marks Linear Retail’s third purchase in New Hampshire in the last month having purchased two retail properties in Nashua in separate transactions in December. The Salem purchase brings the company’s portfolio to 67 retail properties throughout Massachusetts, New Hampshire and Rhode Island.
(Burlington, MA; 01/02/2013)- Linear Retail Properties, LLC, announced today two purchases in Nashua, New Hampshire at 219 and 285 Daniel Webster Highway, completed in separate transactions.
On December 18th, Linear Retail purchased 219 Daniel Webster Highway, a 43,947 square foot development site which was owned by Cumberland Farms, Inc. The purchase price was $1,450,000. Linear Retail plans to redevelop the site into a single-story shopping center of approximately 12,000 square feet (divisible to 1,500 square feet). Joel Kadis, Partner of Leasing at Linear Retail will handle the leasing of the site.
(Burlington, MA; 12/27/2012)- Linear Retail Properties, LLC, announced today it has launched another segment in their Retailer Education Series to help educate retailers and other service-oriented small business on Merchant Services and credit card processing.
The last segment focused on the SBA and small business financing. In these Merchant Services videos Linear Retail’s focus in on credit card processing. Once again, these videos include Linear Retail’s Leasing Representative, Evan Eisenhardt. Evan interviews Merchant Sales Associate, Erin Valcourt from Washington Trust, and Merchant Consulting Group’s CEO, Jonathan Arst. In the series, Evan covers everything from getting started, to changing your current processor, to fraud protection and finding the right credit card processor for your business type. Erin and Jonathan offer concise answers educating retailers on where to start and what to expect with upcoming changes in credit card technology as well.
The videos can be found on our YouTube Channel
The Segments Include….
Deals and Contracts
Equipment and Connection Needed
Avoiding Merchant Services Fraud/Data Security
How Retails Get Paid Once a Credit Card is Used
Cash Advance Information
Information about Merchant Consulting Group
Information on Merchant Services from Washington Trust
Boston Restaurant Talk – Linear Retail Properties, LLC, announced today a lease signing with Clover Food Labs at their Burlington Marketplace Shopping Center at 68 Burlington Mall Road in Burlington, Massachusetts.
Clover Food Lab is a fast casual restaurant that serves healthy and delicious American cuisine utilizing local and organic ingredients. The concept originated as a food truck business in Cambridge by an MIT and Harvard graduate and is now taking its food to the suburbs.
(Burlington, MA; 11/16/2012)- Linear Retail Properties, LLC, announced today that Five Guys Burgers and Fries is now open in Downtown Crossing at their 58 Summer Street location.
Five Guys’ Downtown Crossing location is a 3,422 square foot space with seating for 75 people. The restaurant serves burgers, hot dogs, sandwiches and french fries. Customers will also be able to order online, through their smart phone or via text messaging.
Adam Conviser of Conviser Property Group represented Five Guys and Tom Sibley of Atlantic Retail Properties represented Linear Retail. Joel Kadis, Partner of Leasing with Linear Retail stated, “We are happy to see the transformation of this once boarded-up storefront into Five Guys’ first restaurant in Downtown Boston. There has been a lot of positive activity in Downtown Crossing in the past year and Five Guys adds another desirable dining option for nearby workers, residents and visitors.”
(Burlington, MA; 11/05/2012)- Linear Retail Properties, LLC, announced today a lease signing with Orange Leaf Frozen Yogurt at Lakeview Shopping Center located at 1734 Lakeview Ave. & Tennis Plaza Road in Dracut, Massachusetts.
Orange Leaf is a rapidly expanding, self-serve frozen yogurt concept with locations across the country and eight so far in Massachusetts. The yogurt company offers 69 various flavors ranging from traditional flavors like chocolate, orange and lemon to new-time favorites like Oreo cookie cake, snickerdoodle and red velvet. All of Orange Leaf’s frozen yogurt flavors are made with fat free milk and some are gluten-free or sugar-free. Available toppings include fruits, nuts, candy and cereal. The new location, opening spring 2013, will feature a vibrant orange and green decor with various modern seating options.