Linear Retail Properties acquires Pilgrim Hill Marketplace for $7.95 million

Plymouth, MA Linear Retail Properties, LLC, has acquired Pilgrim Hill Marketplace, 2-8 Pilgrim Hill Rd. for $7.95 million. The 19,631 s/f pharmacy-anchored shopping center is located at the signalized intersection of Pilgrim Hill Rd. and Samoset St., 0.3 miles from Exit 6 on Rte. 3. 

The deal was marketed by Bob Horvath of Horvath & Tremblay who represented the seller.

Pilgrim Hill Marketplace is leased to CVS Pharmacy and Minute Clinic (open 24 hours with drive-thru), Mutual Bank, and Family Pizza. There is 1,782 - 4,294 s/f available for lease.

Bob Horvath of Horvath & Tremblay said, “Horvath & Tremblay has a longstanding relationship with Linear Retail. We were excited to bring the parties together for a seamless and successful transaction. We look forward to working with the Linear team again soon.”

Aubrey Cannuscio, partner – acquisitions said, “The acquisition of Pilgrim Hill Marketplace is our first acquisition in New England’s oldest municipality. This CVS anchored, convenience center is right down the middle of our investment strike zone.  Thanks to Bob and his team for presenting this exceptional retail investment opportunity.”