Linear buys Greenway building

Linear Retail Properties LLC purchased seven retail condominiums and three basement storage units from Cresset Plaza LLC for $3.6 million.

The retail space totals 16,341 square feet and is located in a Boston building which was recently converted to feature 85 new residential condominiums. It is the first acquisition in Boston for the Burlington-based real estate firm. Linear has hired Boston-based The Dartmouth Co. Inc. to lease the retail space.

Known as Lincoln Plaza, the building is situated on the corner of Lincoln and Essex Streets and will front on the new Rose Kennedy Greenway. The building is located in an emerging area of downtown Boston in between Chinatown, the Leather District and the Financial District where the former Central Artery once stood.

Since the firm's founding three years ago, Linear has purchased 17 properties for more than $100 million with its partner, a subsidiary of the Principal Financial Group (NYSE: PFG).