(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.
Just four months ago, Linear Retail purchased the 28,030 sf Daniel Webster Crossing at 8 Spit Brook Road in Nashua (Panera Bread, Jos. A. Bank, T-Mobile). Additionally, this time last year (Dec. 2012), Linear Retail also purchased two other Nashua properties: 285 Daniel Webster Highway (Chili’s restaurant) and Daniel Webster Shops, located at 219 Daniel Webster Highway – the nearly completed development with newly signed tenants: Noodles & Company restaurant and b.good restaurant.
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Rick Rostoff commented, “This is the third property acquisition I have worked on with Linear Retail. Linear identified this property as a target early in 2013 and we worked together to locate the property owner, make an aggressive offer and close the deal by year-end. I look forward to doing more deals with Linear in the near future.”
Aubrey Cannuscio, Partner of Acquisitions with Linear Retail commented, “304 Daniel Webster Highway is arguably the best retail site in southern New Hampshire. We continue to focus our efforts on acquiring many more retail properties of similar, high quality.”
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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 has acquired 73 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. For more information visit www.linearretail.com or on Twitter: @LinearRetail
