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BURLINGTON, MA- Linear Retail Properties LLC purchased the Marketplace, a 33,065-sf strip shopping center located directly across from New England Executive Park and the Burlington Mall. Linear bought the property for $11 million from PAC/SIC LLC, a Portland, OR-based real estate operating and development company.

The shopping center’s tenants include Starbucks, AT&T Wireless, FedEx, Joseph A. Bank and D’Angelo’s. According to Aubrey E. Cannuscio, senior. vice president of acquisitions for Linear, “the Marketplace was a natural fit for our growing investment portfolio of smaller shopping centers. We were attracted by the impressive roster of retailers and the center’s great visibility and signalized access.”

Scott D. Hodson, vice president of PAC/SIB notes that The Marketplace has been a solid investmentfor the firm. “We were reluctant to sell,” he says, “but Linear offered us a good price and confidence that they would perform in a straight-forward, confidential manner.”

Linear Retail–formerly known as Pivotal Properties–is a retail real estate acquisition and operating company launchedin 2003 in partnership with Principal Enterprise Capital, a subsidiary of the Principal Financial Group.

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