{"id":1004238872,"date":"2018-06-29T00:59:34","date_gmt":"2018-06-29T08:59:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004238872"},"modified":"2022-12-09T02:03:52","modified_gmt":"2022-12-09T10:03:52","slug":"boston-area-retail-asset-changes-hands-for-6m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boston-area-retail-asset-changes-hands-for-6m\/","title":{"rendered":"Boston-Area Retail Asset Changes Hands for $6M"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004238920\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Reading-MA-HomeGoods-Main-Street-Linear-Retail-1.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004238920\" data-attachment-id=\"1004238920\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/boston-area-retail-asset-changes-hands-for-6m\/reading-ma-homegoods-main-street-linear-retail-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Reading-MA-HomeGoods-Main-Street-Linear-Retail-1.jpg\" data-orig-size=\"820,615\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1530273188&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Reading-MA-HomeGoods-Main-Street-Linear-Retail\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Reading-MA-HomeGoods-Main-Street-Linear-Retail-1.jpg?w=820\" class=\"wp-image-1004238920 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Reading-MA-HomeGoods-Main-Street-Linear-Retail-1.jpg\" alt=\"1342 Main Street\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Reading-MA-HomeGoods-Main-Street-Linear-Retail-1.jpg 820w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Reading-MA-HomeGoods-Main-Street-Linear-Retail-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Reading-MA-HomeGoods-Main-Street-Linear-Retail-1.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004238920\" class=\"wp-caption-text\">1342 Main Street<\/p><\/div>\n<p>Linear Retail Properties has purchased a 30,000-square-foot freestanding retail asset in Reading, Mass., for $5.5 million. Currently, HomeGoods occupies the whole property. Jenny Ng of The Network Group worked on behalf of the seller.&nbsp;<\/p>\n<p>Located at 1342 Main St., the building is a roughly 40-minute drive north of downtown Boston. The property is adjacent to Route 28, while interstates 93 and 95 are also within easy reach. The parcel includes a single building, constructed in 1958.<\/p>\n<p><em>\u201cThis property has many of the attributes we seek in an acquisition, including being in a highly visible location in a strong market with a long-term tenant in occupancy,\u201d <\/em>said&nbsp;Aubrey Cannuscio, partner at Linear Retail, in prepared remarks.<\/p>\n<p>In a similar deal earlier this month, Gazit Horizons purchased a 10,500-foot retail property in Boston. Located in the Downton Crossing neighborhood, the asset <a href=\"https:\/\/www.commercialsearch.com\/news\/gazit-horizons-picks-up-boston-retail-asset\/\">changed hands for $16.6 million<\/a>.<\/p>\n<p><em>Image courtesy of&nbsp;Linear Retail Properties&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Built in 1958, the fully occupied property is within a 40-minute drive north of downtown Boston and comprises 30,000 square feet. <\/p>\n","protected":false},"author":739,"featured_media":1004238920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21783,21742,10,21749],"tags":[38788,40895],"class_list":["post-1004238872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-investment","category-latest","category-northeast","category-retail","tag-homegoods","tag-linear-retail-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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