Linear Retail Properties Acquires Retail Property In Wellesley For $12.2M

The property involved in the transaction is a two-building retail asset located at 53 Central St, Wellesley, MA, 02482. Spanning a total of 17,000 square feet, the buildings were acquired by Linear Retail Properties for a total price of $12.2 million. The first building, at 25-35 Central St., comprises 8,500 square feet of retail space, as well as 2,500 square feet of residential space. The second building, located at 53-61 Central St., features 6,000 square feet of retail space.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,200,000.00
• Market: Wellesley
• Seller's Rep: Marilyn Santiago()
• Buyer: Linear Retail Properties
• SF: 17000

Marilyn Santiago of SVN | Parsons Commercial Group played a key role in the transaction as the seller's representative for the undisclosed sellers in the deal. The buildings house a variety of retail tenants, including Footstock, Laurel Grove, Marika’s Salon, Skinscapes, Winston Flowers, Cocobeet, Eileen Fisher, Lacrosse Unlimited, O’Neil Jewelers, and Wellesley Toy Shop.