Linear Retail Acquires 24th Boston Retail Property
The 2,135 SF retail condominium is currently leased to Watermark Donut Company, a Dunkin’ Donuts franchisee. The building is located directly across from the Park Street MBTA “T” station on Boston Common at the entrance to Downtown Crossing. The retail unit comprises the first floor of a six-story building.
This acquisition marks Linear Retail’s 24th retail property investment in the city of Boston. Other Boston properties owned by Linear Retail include: 580 Washington Street, 50-60 Franklin Street, 58 Summer Street, 729 Boylston Street, Lincoln Plaza, and four properties are on Newbury Street.
Bill Beckeman, President and CEO of Linear Retail commented, “Linear worked in cooperation with a Boston-based investor to acquire this property and simultaneously create a condominium structure with Linear purchasing the ground level space and the other investor retaining the upper levels for redevelopment. We welcome the opportunity to work with other owners seeking to complete similar transactions.”
ABOUT LINEAR RETAIL PROPERTIES, LLC
Based in Burlington, MA, Linear Retail is a leading acquirer, owner, developer and operator of retail properties in New England. Linear Retail owns 86 retail properties including convenience-oriented strip shopping centers, specialty storefront retail in select downtown neighborhoods, smaller, well-located centers in dominant retail destination corridors, net leased single tenant retail properties and urban retail condos.