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15207 South La Grange Road

Ben Ashkenazy Of Ashkenazy Acquisition Corp. Buys Orland Park Place From Bob Whelan For $60M
SOLDRetail

Ben Ashkenazy Of Ashkenazy Acquisition Corp. Buys Orland Park Place From Bob Whelan For $60M

15207 South La Grange Road

$60,000,000

$100/SF

Building Size

600,000 SF

Asset Type

Retail

Closing

Dec 5, 2025

AI

49 Orland Park Place is a retail asset located in the Orland Park market. The property measures 600,000 square feet and was sold for $60,000,000, resulting in a price per square foot of $100.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $60,000,000
  • Buyer: Ben Ashkenazy - Ashkenazy Acquisition Corp.
  • Seller: Bob Whelan - PMAT Companies
  • Square Footage: 600,000
  • Price per Square Foot: $100
  • Market: Orland Park

Ben Ashkenazy, representing Ashkenazy Acquisition Corp., completed the transaction with seller Bob Whelan of PMAT Companies. The deal was notable for being an all-cash, no-contingency agreement, with Webster Bank providing the loan to support Ashkenazy’s broader acquisition strategy in high-performing markets.

Players

Ashkenazy Acquisition
Ashkenazy AcquisitionBrokerage

Ben Ashkenazy

Ashkenazy Acquisition

Buyer

$721.3M

vol

16 deals

Buyer

Orland Park Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.26%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93