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Brokerage
Posted: September 25, 2015
Linear Retail acquires 18,228 s/f Giroux Building for $10.465m
The Giroux Building, 1833-1853 Mass. Avenue - Lexington, MALexington, MA Linear Retail Properties, LLC, has acquired the Giroux Building, an 18,228 s/f multi-tenant, store-front retail property located at 1833-1853 Massachusetts Ave.
The Giroux Building offers frontage on four streets including Massachusetts Ave., Meriam St., Depot Square and Depot Place and overlooks the historic Buckman Tavern and Battle Green in Lexington Center.
The purchase price of the property was $10.465 million. The seller, The Giroux Building Limited Partnership, was represented by Connie Neville of Sperry Van Ness/Neville & Associates.
Neville said, “This was my first opportunity to work with Linear Retail. I was impressed by their professionalism and most importantly, their aggressive offer. I look forward to working with them on the next deal.”
Aubrey Cannuscio, partner – acquisitions for Linear Retail said, “This acquisition represents Linear’s first acquisition in the town of Lexington. We continue to seek additional acquisitions in vibrant communities like Lexington.”
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