Linear Retail Properties, LLC, announced today that it has acquired Pilgrim Hill Marketplace, 2-8 Pilgrim Hill Road in Plymouth, MA for $7,950,000. The 19,631 square foot pharmacy-anchored shopping center is located at the signalized intersection of Pilgrim Hill Road and Samoset Street, 0.3 miles from Exit 6 on Route 3.

The deal was marketed by Bob Horvath of Horvath & Tremblay who represented the Seller.

Pilgrim Hill Marketplace is leased to CVS Pharmacy and Minute Clinic (open 24 hours with drive-thru), Mutual Bank, and Family Pizza. There is 1,782 – 4,294 square feet available for lease.

Horvath of Horvath & Tremblay commented, “Horvath & Tremblay has a longstanding relationship with Linear Retail. We were excited to bring the parties together for a seamless and successful transaction.  We look forward to working with the Linear team again soon.”

Aubrey Cannuscio, Partner – Acquisitions commented, “The acquisition of Pilgrim Hill Marketplace is our first acquisition in New England’s oldest municipality.  This CVS anchored, convenience center is right down the middle of our investment strike zone.  Thanks to Bob and his team for presenting this exceptional retail investment opportunity.”  

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