Linear buys Wellesley's Central Plaza
July 6, 2007 02:42 PM
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Linear Retail Properties LLC of Burlington this week purchased Central Plaza, a 47,000-square-foot shopping center on Central Street in Wellesley Center, according to Jonathan Aron, vice president in the investment group of NAI Hunneman, which represented the buyer.
The property, which was owned by Wellesley Realty Trust, had not been marketed and was sold in a private transaction for $22 million.
The Gap is a currently tenant, along with six other shops, and Citibank plans to take space in the two-story building, which is accompanied by a surface parking lot.
(By Thomas C. Palmer, Jr., Globe staff)







