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Richard Casner Joins Linear Retail as SVP of Asset Management
Tags: New Employee, Richard Casner, SVP of Asset Management
Richard will play an integral role in the senior leadership, oversee the Asset Management team and develop and implement strategic plans for Linear's assets.
For more than 30 years, Richard has been responsible for the successful acquisition, development, leasing and disposition of over $5 billion in office, retail, R&D and residential developments in the Boston, Chicago and CT/NY/NJ markets.
He began his career in real estate on the property management side of the business and has since continued to represent ownership where he has been responsible for budgeting, reporting, construction/capital projects, leasing and entitlements. Richard has been involved with various projects including: Copley Place, Boston Wharf, Heritage on The Garden, Stamford Harbor Park and several NYC and Chicago mixed use assets.
Linear Retail Acquires 24th Boston Retail Property
Tags: 127 Tremont Street, Acquisition, Boston
(Burlington, MA; 03/28/2017)– Linear Retail Properties, LLC, announced today that it acquired a retail condominium unit at 127 Tremont Street in Boston, MA for $2.6 million.
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.
Linear Retail Acquires 51,000 SF Shopping Center in Manchester, NH
Tags: Acquisitions, Manchester NH, Maple Tree Mall
(Burlington, MA; 01/12/2017)- Linear Retail Properties, LLC, announced today that it acquired Maple Tree Mall located at 535-555 Hooksett Rd. in Manchester, NH for $4,000,000.
Maple Tree Mall is a 51,000 SF shopping center located 1/2 mile south of Interstate 93, exit 9, and 1 mile north of downtown Manchester/Elm Street. Center tenants include; La Carreta Mexican Restaurant, SalonCentric, Cyr Kitchen & Bath Home Design Center and Papa Gino's. There is 1,600 – 18,000 SF available for lease.
Linear Retail Acquires its Eighth Nashua Property
Tags: Acquisitions, Daniel Webster Highway, Nashua
(Burlington, MA; 12/15/2016)- Linear Retail Properties, LLC, announced today that it acquired two retail properties in Nashua, NH along the Daniel Webster Highway/Spit Brook Road retail block for $12.5 million. The freestanding buildings are leased to Old Navy and Burger King.
The two buildings, totaling 27,673 SF, are located in close proximity to six other Linear Retail properties including; Daniel Webster Crossing, Daniel Webster Plaza, Daniel Webster Shops, and freestanding properties leased to Barnes and Noble, Chili's and Uno's.
Geoffrey Millerd and Justin Smith of Newmark Grubb Knight Frank represented the Seller and Aubrey Cannuscio, Partner – Acquisitions, represented Linear Retail.
Linear Retail Leases 18,100 SF to PetSmart in Bourne, MA
Tags: Bourne Bridge Crossing, eastern mountain sports, PetSmart, starbucks
Eastern Mountain Sports Relocates Inline to 4,103 SF and Starbucks Extends its Lease at Bourne Bridge Crossing
(Burlington, MA; 11/28/2016)- Linear Retail Properties, LLC, announced today multiple lease signings including; PetSmart for 18,100 SF, Eastern Mountain Sports for 4,103 SF which will relocate to an inline space, and Starbucks extended its lease at Bourne Bridge Crossing. The shopping center is located at 2 Bridge Approach Street in Bourne, MA on the rotary adjacent to the Bourne Bridge on the Mainland side of the canal.
Duluth Trading Co. Leases 14,528 SF at 1000 Bald Hill Rd
Tags: 1000 Bald Hill Road, Duluth Trading Co., Warwick
Space available at RI's only Trader Joe's anchored center
The deal was executed by Linear Retail's, Joel Kadis, Partner – Leasing & Development; Baum Realty Group's, Matt Fetter, Managing Director; and Atlantic Retail Properties', Jim Bagley. There is currently 2,650 SF of space available for lease at 1,000 Bald Hill Road.
Originally an online business, now headquartered in Belleville, Wisconsin, Duluth recently launched a retail expansion of brick-and-mortar stores across the East Coast. The company has 13 stores with product varying from casual wear, workwear and accessories.
Employee Changes at Linear Retail
Tags: Catherine Millane, Jared Jammal, Linear Retail, New Employee
Catherine Millane Joins Linear as Acquisitions Analyst
Catherine joined Linear Retail this month as an analyst in the acquisitions department. In her role, Catherine is responsible for underwriting new acquisitions opportunities, coordinating due diligence activities, and providing support to the asset management and leasing teams.
Prior to joining Linear, Catherine worked at RAIT Financial Trust, a publicly traded real estate investment trust based in Philadelphia.
Boston's First Invisalign-only Boutique Opens in the South End
Tags: 303 Columbus Ave, Smilebar, The Bryant Back Bay
(Burlington, MA; 10/18/2016)- Linear Retail Properties, LLC, announced today that Smilebar, an Invisalign-only boutique has opened at 303 Columbus Ave. in the Bryant Back Bay luxury condominium building in Boston, MA. The property is situated where the Back Bay meets the South End, between Clarendon and Dartmouth Streets.
Smilebar is the first Invisalign-only boutique in the Boston area. Smilebar's orthodontic specialists use the latest 3D imaging technology to provide Invisalign, a series of clear and removable aligners to create a perfect smile. Smilebar has also partnered with Smile Train for its OneChild+OneSmile donation program. For every new patient who completes treatment, Smilebar will provide the cost of a child's cleft lip/palate surgery in a developing country.
Rev'd Cycling Studio to open at Burlington Marketplace across from The District & Burlington Mall
Tags: Burlington Marketplace, Rev'd Indoor Cycling
(Burlington, MA; September 22, 2016)- Linear Retail Properties, LLC, announced today that it has signed a lease with Rev'd Indoor Cycling at the Burlington Marketplace, 68 Burlington Mall Rd. in Burlington, Massachusetts.
Rev'd is a 1,635 SF luxury boutique cycling studio with top of the line equipment and exceptional instructors. It offers high-energy indoor cycling classes in a state of the art environment with music and lighting designed for high energy workouts. The Burlington site is the third location for the retailer with other locations adjacent to Legacy Place in Dedham, MA and at Patriot Place in Foxborough, MA.
Ken Nolan Joins Linear as Asset Manager
Tags: Ken Nolan, Linear Retail, New Employee
Burlington (9/14/2016) – Linear Retail welcomes Ken Nolan as the newest member of the team. In his role as Asset Manager, he manages a portfolio of assets located in New Hampshire and Massachusetts, which includes both suburban and urban retail properties. Ken is responsible for developing a strategy to maximize the value of each asset and putting that strategy into effect, utilizing Linear's in-house leasing, marketing and construction teams.
Prior to joining Linear Retail Properties, Ken was a Vice President of Real Estate with Capital Crossing Servicing Company, where he was a part of the Asset Management and Acquisition teams. He was responsible for a $200 million portfolio of real estate assets throughout the country, across all property types. He also participated in the acquisitions of distressed real estate loans totaling over $3 billion. Ken earned his law degree at Suffolk University Law School and is admitted to the Massachusetts bar.
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