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Linear Retail Properties Acquires 33,000-SF Center

BURLINGTON, MA- Linear Retail Properties purchases the Marketplace, a 33,065-sf strip shopping center, for $11 million from PAC/SIC LLC, a Portland, OR-based real estate operating and development company. The center is located directly across from New England Executive Park and the Burlington Mall.

By Naomi Grossman | Updated on October 15, 2004

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BURLINGTON, MA- Linear Retail Properties LLC purchased the Marketplace, a 33,065-sf strip shopping center located directly across from New England Executive Park and the Burlington Mall. Linear bought the property for $11 million from PAC/SIC LLC, a Portland, OR-based real estate operating and development company.

The shopping center’s tenants include Starbucks, AT&T Wireless, FedEx, Joseph A. Bank and D’Angelo’s. According to Aubrey E. Cannuscio, senior. vice president of acquisitions for Linear, “the Marketplace was a natural fit for our growing investment portfolio of smaller shopping centers. We were attracted by the impressive roster of retailers and the center’s great visibility and signalized access.”

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