In The News -

21 Mar 2014

Updates at Linear: New Acquisitions Analyst, Podaski Makes VP, Drocz Moves To Asset Management

Jared Jammal, Diana Podaski, Greg Drocz(Burlington, MA; 3/21/2014) – Jared Jammal joined Linear Retail as an Analyst in the Acquisitions Department. He is responsible for supporting the Head of Acquisitions as well as working with the Asset Management and Leasing teams. In his role, Jared is responsible for modeling, analyzing and supporting various acquisitions activities.

Prior to joining Linear, Jared worked for Admirals Bank, a federally chartered savings bank located in Boston. While at Admirals, Jared first worked in the Real Estate Department valuing various types of commercial real estate as collateral on purchased loans from markets across the country.

7 Mar 2014

Southern New Hampshire retail market: Ready to roll if this winter ever ends

20130327_NashuaRendering-low-resNEREJ – There seems to be a good feeling that once this winter comes to an end there will be a fair amount of retail activity at least if not better than last year. Overall all the indicators point to an economy that is slowly gaining momentum and consumer confidence the crucial ingredient beginning to thaw. Just the other day it was reported that consumer debt is the highest it’s been in recent years.

That being said there is still a lot of turbulence in retail-some stores are adding units-others are closing. Online sales continue to impact brick & mortar stores. Some regions of the country are experience growth-others not so much. New England is usually the last to get new concepts but there are differences in CT-MA-NH & Maine in many categories. Boston and surrounding high density & income towns such as Burlington are prospering and seeing a lot of new development. For the first time in years I can finally say Southern NH is too.

25 Feb 2014

Linear Signs Two Retailers to Leases in Nashua
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225 Daniel Webster Highway Nashua NHcitybizlist – Not Your Average Joe’s and Starbucks have signed leases at Linear Retail Properties’ Daniel Webster Plaza at 225 Daniel Webster Highway in Nashua, NH.

Not Your Average Joe’s and Starbucks together will take the entire 9,000 SF pad currently occupied by Pier 1 Imports. The pad is located in the middle of the Spitbrook Rd/ Daniel Webster Highway retail block and is adjacent to Barnes & Noble.

Linear Retail’s new 12,000 SF retail development, Daniel Webster Shops, is adjacent to the site to the north and the Shaw’s, Petsmart, Sports Authority, Marshalls power center is directly adjacent to the site to the west.

12 Feb 2014

Linear Launches Responsive Website
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(Burlington, MA; 2/12/2014)- Linear Retail announced today that it has launched a new responsive design website. The new design creates a better user experience and increases average visit duration by automatically adapting to various devices including PC, mobile phones, and tablets.

Diana Podaski, Linear Retail’s VP of Marketing & Social Media commented, “It’s hard to keep up with technology but watching our mobile phone traffic triple and tablet traffic double in 2013 compared to the year before, moving to a responsive design was imperative. We want to be sure that mobile visitors are getting as good of an experience as those visiting from a PC.”

7 Feb 2014

Peet’s Coffee & Tea To Open On Charles Street Beacon Hill
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First Boston Location for High End Specialty Coffee Shop

(Burlington, MA; 02/07/2014)- Linear Retail Properties, LLC, announced today that Peet’s Coffee & Tea, based in Berkeley, California, has signed a lease for space at the corner of Charles Street and Mt. Vernon Street in the heart of Boston’s Beacon Hill neighborhood.

The 1,842 square foot Peet’s Coffee & Tea Boston shop, at 62 Charles Street, will offer its trademark specialty coffee and tea along with gourmet baked goods in an inviting, upscale setting. The location is in the center of Beacon Hill’s Historic District, two blocks from Boston Common and the Public Gardens. Pat Paladino of Colliers represented Peet’s Coffee & Tea and Adam Conviser of Conviser Property Group represented Linear Retail Properties, LLC.

Paladino commented, “Peet’s goal is to serve its local community and create a special place for residents to meet and relax. Linear Retail’s property is the perfect site for our first Boston gourmet coffee shop”.

14 Jan 2014

Linear Retail Acquires Newbury St. & North End Properties
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Uno's Restaurant Nashua(Burlington, MA; 01/14/2014)- Linear Retail Properties, LLC, announced today two retail property acquisitions in Boston, Massachusetts at 48-50 Salem Street in Boston’s North End and 249 Newbury Street in Boston’s Back Bay. These separate transactions both closed on December 30, 2013.

The Salem Street property fronts the Rose Kennedy Greenway at the corner of Salem and Cross Streets. The two story property totaling 1,920 square feet is currently occupied by Goody Glover’s Bar & Bistro and a Bank of America ATM. The purchase price of 48-50 Salem Street was $2,075,000.

30 Dec 2013

Linear Retail Acquires 6th Nashua Property

Uno's Restaurant Nashua(Burlington, MA; 12/30/2013)- Linear Retail Properties, LLC, announced today its 6th purchase in Nashua, New Hampshire at 304 Daniel Webster Highway.

The 5,692 square foot freestanding, single-tenant restaurant property is occupied by Uno Chicago Grill. The restaurant has been operating at this location since 1988. The property is situated at the primary signalized entrance to Pheasant Lane Mall. The purchase price was $3,125,000. Rick Rostoff with Spectra Realty represented Linear Retail in the transaction.

20 Dec 2013

Linear Retail Buys Route 9 Property in Framingham
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Framingham Acquisition low - Linear Retail Properties LLC, a Burlington-based firm that owns, develops, and operates retail properties in New England, said it paid $2.4 million to buy a 5,274 square foot retail property in Framingham.

Located near the entrance to a Jordan’s Furniture store and near both the Natick Mall and Shoppers World, the property is full leased with two tenants — Stardust Jewelers and the Chinese Mirch restaurant, the firm said.

Linear Retail said this was its fourth acquisition of 2013.

30 Oct 2013

Craft Beer Cellar Newton Opening
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Craft Beer Newton now open Newton Centre’s New Specialty Beer Shop Opens Wednesday Oct. 30th Offering Tastings

(Burlington, MA; 10/29/2013)- Craft Beer Cellar announced today that their official opening day is Wednesday, October 30th. The shop is located at 1243 Centre Street next to Panera Bread in Newton Centre, a Linear Retail owned property.

Craft Beer Cellar is a specialty beer shop that offers a whole heap of craft, micro and artisanal brewed beers (opening expected to be around 1,000 different beers) from around the world with a focus on local breweries. The store will feature New England, national and international beers, a variety of fine wines, “beer food” including sauces and marinades, various cheeses and other snacks.

29 Oct 2013

SlowBones Modern BBQ To Open At Burlington Marketplace
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SlowBones BurlingtonBoston Chicken Founder, Kip Kolow Develops BBQ Concept and Signs Lease with Linear Retail

(Burlington, MA; October 29, 2013)
- Linear Retail Properties, LLC, announced today that a new modern barbecue concept, SlowBones is opening soon at Burlington Marketplace, 68 Burlington Mall Rd. in Burlington, Massachusetts.

SlowBones is a new concept from the founder and former owner of Boston Chicken (now known as Boston Market), Kip Kolow. Burlington Marketplace will be SlowBones’ first location. The fast-casual restaurant will serve St. Louis Barbecue Ribs, Grilled Chicken, Pulled Pork, BBQ Braised Brisket, Flame Grilled Shrimp Burger, etc, along with a variety of side dishes and more. Sandwiches will be available on soft Brioche rolls, as well as both lettuce wraps for a carb-free option, and naan wraps. There will also be fresh signature salads, quinoa dishes and gluten-free bread items including cornbread and house baked goods.