COMMERCIAL REAL ESTATE NEWS: Lincoln Road Retail Remains Hot CommodityMay 16, 2013
incoln Road retail property has been sold. ASB Real Estate Investments just acquired 605 Lincoln Road for $22.5 million. The 8,550-square-foot,
high-street retail property includes three street-level retail suites in an office building in the heart of the Miami Beach’s Art Deco District. ASB’s Allegiance Real Estate Fund bought the retail asset from Omnispective Management Corporation of New York. The retail suites are 100% leased in a historic structure at a corner location. Tenants include Starbucks, Oakley, and Journeys.