Linear Retail Properties LLC, a Burlington-based firm that owns, develops, and operates retail properties in New England, said it has bought the retail condominium located at 145 Charles St. in Boston’s Beacon Hill neighborhood for $1.65 million.
That nearly 3,000 square feet of space is occupied by the King & I Thai Restaurant, a fixture at that location for more than 27 years, Linear Retail said.
The seller was 145 Charles Street Trust.
In a statement, William M. Braucher, a principal of the seller, said, “After nearly 30 years of ownership, I am happy to see that the property will remain in good hands.”
Linear Retail said it now owns 14 retail properties in the City of Boston, including two on Charles Street, and a total of 69 properties throughout Eastern Massachusetts, Southern New Hampshire, and Rhode Island.
“This acquisition further increases our investment in the Beacon Hill neighborhood,” Aubrey Cannuscio, Linear Retail’s partner of acquisitions, said in a statement. “Linear Retail is seeking to acquire additional retail properties in Boston and other cities and towns in Eastern Massachusetts.”
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