Two completed projects of Asset Realty & Construction Group

Dino Tomassetti, Jr. is the head of Asset Realty & Construction Group, the real estate and construction company responsible for some of the more notable projects in the eastern part of the United States.

Here are two projects the company has completed.

Marketfair, North Carolina

Located in Fayetteville, Marketfair, North Carolina, is a shopping/retail center near Fort Bragg, one of the world's largest military installations. Marketfair is anchored by four major tenants, AMC Theaters, Planet Fitness, Gander Outdoors, and Lidl, an international supermarket chain, and a mix of daily needs uses, restaurants, and health and personal care.

Asset Realty acquired the Marketfair property from a developer who converted it from an indoor mall to an outdoor retail shopping center, investing $20 million in capital improvements in the process. The project is part of a long-term hold and value growth strategy within the Asset Realty portfolio.

Self Storage Facility Conversion

Initially constructed in 1991, the building existed as a commercial and industrial warehouse within the Tomassetti family portfolio. In 2015, Dino Tomassetti, Jr. gained control of the property and eyed the warehouse's conversion into a self-storage facility.

Using his construction resources and experiences in the field of excavation and concrete, Tomassetti excavated a cellar to create additional square footage within the footprint of the existing building, built a new structural steel floor, upgraded the existing roof with new membrane and solar panels, and added new finishes and a storefront to convert the building to a 84,000 square-foot, 900-unit self-storage facility.

Since then, the building was integrated into the Storage Fox portfolio until 2019, at which time it was sold to Clutter as part of a portfolio sale.

Dino Tomassetti, Jr., is a successful real estate developer who started in construction. He has completed several construction projects and has expanded his portfolio to include some of the most high-profile developments in the New York Metropolitan Area. His new company, Asset Realty & Construction Group, Inc., combines his construction and real estate expertise. For similar reads, click here.