—
DWNTWN Realty Advisors has successfully completed the $14 million sale of 70 NE 40th Street, a prominent retail property in the heart of Miami’s Design District. The transaction, which involved representing both the buyer and seller for the second time, demonstrates DWNTWN’s deep expertise in high-value luxury retail property transactions.
The buyer, Craig Robins, a key figure in Miami’s development, and the seller, ASG Equities, were repeat clients for DWNTWN. The property, a fully leased, 4,500-square-foot building on a 5,000-square-foot lot, is in one of Miami’s most prestigious retail districts. Luxury brands Ksubi and Orlean occupy the space, which offers significant upside potential with under-market rents.
To read the full case study on this $14 million sale, visit: https://miamicrebrokers.com/miami-design-district-commercial-real-estate/
"This sale reinforces the Design District's position as Miami’s premier luxury retail hub," said Devlin Marinoff, Managing Partner at DWNTWN Realty Advisors. "Our longstanding relationships with both Craig Robins and ASG Equities were critical in facilitating a smooth transaction that benefits both parties."
Situated in a high-demand area with neighbors like Prada, Gucci, and Hermès, the property’s strategic location in the Design District further positions it for long-term growth. In addition to its luxury retail value, the property also benefits from its location in an Opportunity Zone, offering potential tax advantages for redevelopment.
"Our focus on understanding the clients’ goals and navigating complex transactions allows us to deliver consistent results," said Tony Arellano, Managing Partner at DWNTWN. "This sale not only reflects the continued growth of the Design District but also highlights the strength of Miami’s luxury retail market."
DWNTWN Realty Advisors is an institutional-quality brokerage firm focused on emerging markets in Miami's urban core. As a full-service real estate brokerage based in Miami, Florida, DWNTWN specializes in investment sales, tenant representation, and property management. With a commitment to creating communities with a sense of place, the firm handles the entire fulfillment process, from concept to leasing, and from branding to execution. Leveraging its extensive market knowledge and strategic relationships, DWNTWN delivers exceptional results for clients across South Florida's dynamic urban landscape. Their vision of "Density as our Destiny" reflects a deep focus on Miami's growth and transformation. To learn more, visit https://dwntwnrealtyadvisors.com/
About Us: Commercial Lending News delivers timely and insightful updates on the commercial real estate sector, focusing on lending, banking, finance, commercial loans, interest rates, REITs, acquisitions, and emerging technologies. As a trusted resource, we provide in-depth analysis and expert perspectives on the trends shaping the industry. Led by experienced professionals Caroline Vega and Ed Winslow, our editorial team is dedicated to producing high-quality content that informs and empowers industry leaders. We are committed to uncovering the stories that matter, highlighting key developments, and driving conversations that influence the future of commercial lending. Visit us at uscommerciallending.com for the latest news and expert insights.
Contact Info:
Name: Caroline Vega
Email: Send Email
Organization: Commercial Lending News
Address: 136 West 36th Street, New York, NY 10018
Phone: 203-912-7244
Website: https://uscommerciallending.com/
Release ID: 89141918
Google
RSS