Linear Retail buys Newbury Street properties
Linear Retail Properties LLC, a Burlington company focused on acquiring and operating urban retail properties in New England, said it has bought four retail condominium units at Boston's 292-296 Newbury St. for $5.99 million.
The current tenants retail tenants are MiniLuxe Back Bay spa, Michael Labrecque Salon, Audrey's Pet Supply & Services, and Vibram USA footwear, said Linear Retail, which added that the property is between Gloucester and Hereford streets.
The seller is Providence Real Estate Holdings of Newbury Street LLC. Colliers International brokered the transaction.
The deal is Linear Retail's 57th retail property acquisition overall in New England since its founding in 2003. Linear Retail said it owns nine properties in Downtown Boston.
"Our four new property acquisitions since September reflect our growing appetite for additional prime retail properties in and around Metro Boston," Bill Beckeman, Linear Retail's president and chief executive, said in a statement.