Linear Retail Properties, LLC, announced today that it has acquired 1342 Main Street in Reading, MA, a freestanding retail property currently leased to HomeGoods.

The purchase price for the property was $5,500,000. The Seller was represented by Jenny Ng of The Network Group.

Ng commented, “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 commented, “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.”

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 87 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