Linear Retail Acquires Wellesley Property for $12.25 Million: Massachusetts Homebuyers Homeownership

 Wellesley, MA– SVN Parsons Commercial Group recently completed the sale of a seventeen thousand square foot mixed use portfolio at 25-35 and 53-61 Central Street in Wellesley, MA to Linear Retail for a combined purchase price of $12.25 million. Senior Advisor Marilyn Santiago of SVN Parsons Commercial Group Boston represented the seller.

 25-35 Central Street is an eleven thousand square foot two-story building with six thousand five hundred square feet of ground floor retail space, two thousand five hundred square feet of residential and office space, and two thousand square feet of below grade retail space. Tenants include Footstock, Laurel Grove, Marika’s Salon, Skinscapes and Winston Flowers. There is currently one thousand one hundred eight two square feet of ground floor retail space available for lease.

 53-61 Central street is a single story retail store block with six thousand square feet of retail space. The fully leased building has five tenants: Cocobeet, Eileen Fisher, Lacrosse Unlimited, O’Neil Jewelers, and Wellesley Toy Shop. Linear Retail currently owns two other store blocks in Wellesley Square located at 61-71 Central Street and 74-102 Central Street. “The Linear team was professional, knowledgeable and a pleasure to work with throughout the sale process,” Santiago said.

The post Linear Retail Acquires Wellesley Property for $12.25 Million appeared first on Boston Real Estate Times.

Buyer’s Agents Explained