Rents have doubled in the past three to five years from $150 per square foot to $300 per square foot. Not surprisingly, Lincoln Road began to gain a lot of traction among national and international investors around 2011, as we were coming out of the recession and property values were depressed.

Some of the transactions that helped Lincoln Road evolve into one of the nation's priciest retail streets include the Terranova and Acadia Realty Trust's acquisition of three Lincoln Road buildings for $52 million in 2011. We were involved in that deal.

Other deals include the Vornado Real Estate Trust's acquisition of the 1100 Lincoln Road movie theater building for $132 million in mid-2012, which our firm was involved with as well and Terranova and Acadia Realty Trust's acquisition of three additional Lincoln Road buildings for $139 million in late 2012.

The evolution of the mall is also highlighted by the growing number of international real estate investors wanting to own of piece of Lincoln Road. For example, a Canadian-based company recently paid $34.5 million to buy 716-720 Lincoln Road and 818 Lincoln Road, home to Romero Britto's art gallery. We anticipate getting inquiries from international clients exploring asset acquisition opportunities on Lincoln Road.

GlobeSt.com: What are some other Lincoln Road deals that you were involved in?

Lustig: I was extensively involved in the acquisition, leasing, financing and redevelopment of 1111 Lincoln Road, including the closure of the 1100 Block of Lincoln Road to vehicular traffic and the extension of Lincoln Road Mall to Alton Road. I was also involved in the $52 million acquisition by Terranova and Acadia, the $16 million purchase of the Van Dyke Building, and the acquisition and development of the Yard House just off Lincoln Road. I recently did some work related to Lincoln Center.