Invesco picks up Lincoln Road retail site

Invesco Real Estate has picked up a 9,000-square-foot single-tenant retail property on South Beach’s Lincoln Road from Thor Equities, according to the South Florida Business Journal. The acquisition, along with that of a 19,700-square-foot retail condominium in New York City’s Soho neighborhood, is part of the Dallas-based company’s push into prime retail markets, Todd Bassen, Invesco’s senior acquisitions director, told the Journal. Both the Miami and New York properties are leased to All Saints, the British clothier. The retailer’s lease at its Miami location, at 910 Lincoln Road, expires in 2024. [SFBJ]