Linear Retail Properties acquires 24th Boston retail condominium unit at 127 Tremont Street for $2.6 million

Boston, MA Linear Retail Properties, LLC, has acquired a retail condominium unit at 127 Tremont St. for $2.6 million.

The 2,135 s/f retail condominium is currently leased to Watermark Donut Company, a Dunkin’ Donuts franchisee. The building is located across from the Park St. MBTA “T” station on Boston Common at the entrance to Downtown Crossing. The retail unit comprises the first floor of a six-story building. 

This acquisition marks Linear Retail’s 24th retail property investment in the city. Other Boston properties owned by Linear Retail include: 580 Washington St., 50-60 Franklin St., 58 Summer St., 729 Boylston St., Lincoln Plaza and four properties on Newbury St. 

Bill Beckeman, president and CEO of Linear Retail said, “Linear worked in cooperation with a Boston-based investor to acquire this property and simultaneously create a condominium structure with Linear purchasing the ground level space and the other investor retaining the upper levels for redevelopment. We welcome the opportunity to work with other owners seeking to complete similar transactions.”