Ben Ashkenazy opens war chest for Queens mall
Ben Ashkenazy’s high-profile acquisition offensive is taking shape, starting in Queens. Ashkenazy acquired the Shops at Atlas Park in Glendale, Crain’s reported. The purchase price was not disclosed, though Evercore ISI recently estimated the mall at 80-00 Cooper Avenue would trade for around $70 million, or $189 per square foot. The 370,000-square-foot property is 97 percent leased, according to regulatory filings. Tenants at the mall include T.J. Maxx, New York Sports Club and Corndogs by Mr. Cow. The seller was California-based Macerich, which disclosed to investors in May that it was aiming to sell the asset as part of a […]This article originally appeared on The Real Deal. Click here to read the full story.
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