Linear Retail Properties, LLC, has acquired a prominent retail condominium unit at the intersection of First St. and Cambridge St. The 3,075 s/f unit is located across the street from the Lechmere Green Line subway Station and two blocks from the Cambridge Side Galleria Mall.
The purchase price of the property was $2.4 million. The unit is occupied by Finagle a Bagel on a short-term basis and is available for lease. Rick Rostoff, vice president of acquisitions, sourced this property directly from the seller, Cambridge-FAB LLC.
Aubrey Cannuscio, partner of acquisitions of Linear Retail said, "This property represents our fourth acquisition in Cambridge. We are thrilled to be part of the revitalization of the East Cambridge neighborhood. Linear Retail is aggressively pursuing additional retail investments in eastern Massachusetts, southern New Hampshire and Rhode Island."