Linear Retail acquires 30,000 s/f retail property for $5.5 million

Reading, MA Linear Retail Properties, LLC has acquired 1342 Main St., a freestanding retail property currently leased to HomeGoods. 

The purchase price for the property was $5.5 million. The seller was represented by Jenny Ng of The Network Group. 

Ng said, “We had significant interest in the property from many capable real estate investors. Linear’s reputation for closing coupled with their aggressive pricing made them the right choice.”

Aubrey Cannuscio, partner – acquisitions said, “This property has many of the attributes we seek in an acquisition including being in a highly visible location in a strong market with a long-term tenant in occupancy. We are on a mission to acquire more quality retail properties just like this one.”