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Ashkenazy Acquires The Shops at Atlas Park in Queens, NY From Macerich

via Business Wire

—The acquisition represents Ashkenazy’s focus acquiring and renovating best-in-class, irreplaceable retail destinations—

Ashkenazy Acquisition Corporation, a private real estate investment firm owned by Ben Ashkenazy, today announced that it has acquired The Shops at Atlas Park in Queens, NY from Macerich and a partner. The acquisition represents Ashkenazy’s format of acquiring and renovating best-in-class retail assets throughout the United States.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250730983844/en/

Located in the heart of Queens on 12 acres of land with 1,400 parking spaces, the 374,000-square-foot open-air lifestyle center is a unique destination for shoppers in Queens.

Additional Ashkenazy retail assets include Bayside Marketplace in Miami, Shops at Rivercenter in San Antonio, Shops at the Bravern in Seattle, Beverly Connection in Los Angeles, Cross County Mall in Yonkers, NY, Vernon Hills in Westchester, NY, and others.

“We are excited to enhance and upgrade this extraordinary property into a best-in-class lifestyle center, similar to many lifestyle centers Ashkenazy owns, including Vernon Hills Center in Westchester County,” said Joe Press, COO of Ashkenazy Acquisition Corporation.

More than 15 lenders aggressively bid on the acquisition financing of The Shops at Atlas Park. ACORE CAPITAL was the ultimate winner and supplied the financing.

“We’re proud to be involved in financing this acquisition and have strong conviction in the asset’s potential with Ashkenazy as the sponsor,” said Tony Fineman, Senior Managing Director and Head of Originations at ACORE CAPITAL. “I’ve had the pleasure of financing Ben’s projects for over 20 years and have complete confidence in both his capabilities and those of his team.”

The Shops at Atlas Park is located at the intersection of Cooper Avenue and 80th Street, just a stone’s throw away from Woodhaven Boulevard, Metropolitan Avenue, and the Jackie Robinson Parkway, and is easily accessible by public transportation.

About Ashkenazy Acquisition Corporation

Headquartered in New York City, Ashkenazy Acquisition Corporation is a private real estate investment firm focusing on the acquisition, development, asset management and marketing of retail, hotel, and office assets. Ashkenazy Acquisition’s portfolio boasts over 15 million square feet of retail, hospitality, office, and residential properties, located throughout the United States, Canada and England. Comprised of an experienced team of in-house, seasoned professionals, with deep experience in acquisitions, finance, construction, leasing, development and marketing, the firm boasts a portfolio containing approximately 100 buildings valued at $12 billion, with a superior performance history in purchasing and managing premier assets worldwide. The integrated team of real estate professionals offers exceptional expertise at all levels of the transaction and subsequent management.

About ACORE CAPITAL

ACORE CAPITAL, LP is one of the leading U.S. commercial real estate investment managers with approximately $19 billion of assets under management. With offices in New York, Los Angeles, Miami, San Francisco and Dallas, ACORE CAPITAL originates, acquires and manages first mortgages, B-notes, mezzanine debt and preferred equity. ACORE CAPITAL’s success has been fueled by its long-standing industry relationships and access to a consistent pipeline of origination opportunities. For more information, please visit WWW.ACORECAPITAL.COM.

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