Ben Ashkenazy Of Ashkenazy Acquisition Corp. Purchases Retail Asset From Jackson Hsieh For $72M

The asset involved in the transaction is a retail property located at 8000 Cooper Avenue in Queens. The property has a size of 370,000 square feet and sold for $72 million, resulting in a price per square foot of $195.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $72,000,000
• Buyer: Ben Ashkenazy - Ashkenazy Acquisition Corp.
• Seller: Jackson Hsieh - Macerich
• Market: Queens
• Square Footage: 370,000
• Price Per Square Foot: $195

Ashkenazy Acquisition Corporation, under the leadership of Ben Ashkenazy, acquired the property after competing against several private equity-backed regional firms in the bidding process.