Linear Retail buys Salem Park Plaza in NH for $8m
Linear Retail Properties LLC, a Burlington-based company that owns and operates retail properties in New England, said it has purchased of Salem Park Plaza in Salem, N.H., for $8 million.
Salem Park Plaza is a 37,933 square foot shopping center anchored by Barnes & Noble. Other tenants include Pier 1 Imports, Jos. A. Bank, T-Mobile, Findeisen’s Ice Cream, and an enclosed Bank of America ATM.
With the purchase, Linear said that its portfolio is now made up of 67 retail properties throughout Massachusetts, New Hampshire, and Rhode Island.
“We acquired 10 properties in a very competitive market in 2012 and hope that this initial purchase in 2013 is the first of many more this year,” Bill Beckeman, president and chief executive of Linear Retail, said in a statement.Chris Reidy can be reached at firstname.lastname@example.org.