Linear Retail pays $22m for plaza in Wellesley

Linear Retail Properties LLC of Burlington this week purchased Central Plaza, a 47,000-square-foot shopping center on Central Street in Wellesley Center, according to Jonathan Aron, vice president in the investment group of NAI Hunneman, which represented the buyer. The property, which was owned by Wellesley Realty Trust, had not been marketed and was sold in a private transaction for $22 million. The Gap and six other shops are tenants, and Citibank plans to take space in the two-story building, which is accompanied by a surface parking lot.