"It's a big milestone for us," Linear president William Beckeman tells GlobeSt.com of the $200 million mark attained thanks to its $9.7 million Nashua acquisition. Besides that 48,000-sf asset at 550 Amherst St., Linear separately closed on 138 and 140 S. Main St. in Milford, MA. The firm paid $7.3 million for that shopping center, a 50,000-sf complex that has four buildings.

The Milford property "embodies everything we like in buying retail," says Beckeman, citing the bustling Route 140 roadway on which the asset sits, plus a strong demographic that has attracted such well-known tenants as AT&T Wireless, D'Angelo's and a Honey Dew Donuts shop. Occupancy at the time of purchase was 87%. Linear has retained Meredith & Grew as manager for the property, and is in the process of hiring a leasing broker.

Meredith & Grew was also tapped to manage the Nashua center, but full occupancy means no need for a leasing agent. "It's a great property," Beckeman says of that investment, citing the 5.4-acre development's presence in one of New Hampshire's top retail strips. Amherst Street Village Center is located at the entrance to a new center featuring a Target and TJ Maxx, notes Beckeman, whose firm also owns a shopping plaza in Nashua's renowned retail district that cuts along the Daniel Webster Highway on the east side of Route 3.