You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

ASB buys four Back Bay retail properties for $91.2m

ASB Real Estate Investments said Monday that it has bought four retail buildings in Boston’s Back Bay neighborhood for $91.2 million.

The buildings are 333-335 Newbury St., 342 Newbury St., 352 Newbury St., and 801 Boylston St. Retail tenants include Ralph Lauren, Fidelity Brokerage, and Puma. The buildings are 100 percent leased and collectively make up more than 51,000 square feet of space, the firm said. ASB said it made the purchase as part of a joint venture with Blatteis & Schnur, a Los Angeles-based real estate firm. The identity of the seller was not disclosed in ASB’s press release.

Continue reading below

Headquartered in Washington, D.C., ASB specializes in properties leased by upscale retailers. Over the past 12 months, the company said it has acquired about $600 million worth of high end retail properties in shopping districts in New York City, Chicago, Miami, and Denver.

In a statement, Jim Darcey, managing director of ASB Real Estate Investments, said: “These Boston acquisitions provide our investor clients with high quality properties centered in the market’s premier shopping area where demand for space from high-profile luxury and millennial-oriented retail tenants outstrips supply. We see the Back Bay becoming even more popular and attractive as more people seek out the convenience of a 24-hour urban lifestyle and the city increases its tourist traffic.”

Chris Reidy can be reached at reidy@globe.com.
Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.