MIAMI—New York City-based ASG Equities, a leading owner and operator of high-quality assets, recently revealed that it has finalized the sale of 70-74 NE 40th Street, the last of a three-building retail portfolio within Miami's famed Design District. Located on a premier corridor in the heart of Miami's high-end shopping district, 70-74 NE 40th Street is fully occupied by luxury brands Ksubi and Orlean.
The freestanding, single-story building, which was acquired by Dacra for $14 million, features 4,500 square feet of retail space.
The transaction marks the successful conclusion of a three-building Miami Design District portfolio sale. In March, ASG sold 80 NE 40th Street to Dacra as well. In November, after successfully leasing the entire building located at 101 NE 40th Street to Alo Yoga during the COVID pandemic, ASG then sold the asset to Alo for $4,400 per square foot.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
