NEWwbztv-small wbz-am-small 985-small mytv38web2

Local

Back Bay Property Sale Turns Some Heads

By Anthony Silva, WBZ NewsRadio 1030 New England Business Editor
View Comments
420x316-grad-silva Anthony Silva
Anthony Silva is co-host of the WBZ Afternoon News heard each wee...
Read More

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Featured Content

BOSTON (CBS) – A Burlington real estate company is paying close to $5 million for a 5,000 square foot retail condominium in the Back Bay.

Linear Retail Properties is purchasing the ground level at 727 Boylston Street. Pizzeria Uno has occupied that space since 1979.

WBZ NewsRadio 1030’s Anthony Silva reports

Aubrey Cannuscio, Director of Acquisitions at Linear Retail, says the price being paid is pretty common for a property like this. He tells me the highest end of the market in Boston has performed exceptionally well, despite the downturn in the rest of the commercial real estate market. Cannuscio says Boston is at the top of most institutional investors’ list of where to send money.

Linear Retail Properties isn’t done yet. Cannuscio says the firm is actively pursuing other commercial properties in the Boston area.

View Comments
blog comments powered by Disqus