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
Orland Park Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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