{"id":1004767057,"date":"2025-08-01T07:51:49","date_gmt":"2025-08-01T15:51:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004767057"},"modified":"2025-08-01T07:52:35","modified_gmt":"2025-08-01T15:52:35","slug":"ashkenazy-buys-queens-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ashkenazy-buys-queens-retail-asset\/","title":{"rendered":"Ashkenazy Buys Queens Retail Asset"},"content":{"rendered":"\n

<\/p>\n\n\n

\n
\"An<\/a>
Completed in 2006, The Shops at Atlas Park totals more than 370,000 square feet. Image courtesy of Ashkenazy Acquisition Corp.<\/em><\/figcaption><\/figure><\/div>\n\n\n

Ashkenazy Acquisition Corp. has purchased The Shops at Atlas Park, a 374,000-square-foot retail property in Queens, N.Y., from Macerich and a partner. The firm plans to renovate and modernize the shopping center. ACORE Capital financed the deal.<\/p>\n\n\n\n

The sale comes after Macerich paid $290 million<\/a> for a Class A mall occupying 1.3 million square feet in Raleigh, N.C. That asset brought the firm’s national portfolio, which also includes the 1.8 million-square-foot Tysons Corner Center in Tysons, Va., to nearly 40 retail centers.<\/p>\n\n\n\n

A Queens retail center<\/h2>\n\n\n\n

The Shops at Atlas Park previously traded for $54 million in 2011, according to Yardi Research Data. In 2022, the property became subject to a 10-year, $65 million loan originated by CIM Group.<\/p>\n\n\n\n

The mall opened in 2006. Major retail tenants include Regal Cinemas, HomeGoods, T.J. Maxx, New York Sports Club and Ulta Beauty, along with dining options such as California Pizza Kitchen, Chili\u2019s, Cold Stone Creamery and Subway.<\/p>\n\n\n\n

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READ ALSO:<\/strong> Uncertainty Shifts Retail Demand Dynamics in 2025<\/a><\/p>\n\n\n\n

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The shopping center occupies 12 acres at the corner of Cooper Avenue and 80th Street in the Glendale neighborhood. The location is close to Woodhaven Boulevard, Metropolitan Avenue and Jackie Robinson Parkway.<\/p>\n\n\n\n

The transaction is the latest iteration in Asheknazy\u2019s strategy to acquire and update assets throughout the country. The company also owns Vernon Hills Center in Scarsdale, N.Y., Cross County Mall in Yonkers, N.Y., Bayside Marketplace in Miami, Shops at Rivercenter in San Antonio and Beverly Connection in Los Angeles.<\/p>\n","protected":false},"excerpt":{"rendered":"

The firm plans renovations for its new property.<\/p>\n","protected":false},"author":3810,"featured_media":1004767058,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,1600,21742,10,21749],"tags":[36746,36651,32958],"class_list":["post-1004767057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-new-york","category-latest","category-northeast","category-retail","tag-acore-capital","tag-ashkenazy-acquisition-corporation","tag-macerich"],"acf":[],"yoast_head":"\nAshkenazy Buys Queens Retail Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Ashkenazy Acquisition Corp. purchased The Shops at Atlas Park, a retail property in Queens, N.Y., from Macerich and a partner.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ashkenazy-buys-queens-retail-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ashkenazy Buys Queens Retail Asset\" \/>\n<meta property=\"og:description\" content=\"Ashkenazy Acquisition Corp. purchased The Shops at Atlas Park, a retail property in Queens, N.Y., from Macerich and a partner.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ashkenazy-buys-queens-retail-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-01T15:51:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-01T15:52:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Shops-at-Atlas-Park.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matthew Kaufman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ashkenazy-buys-queens-retail-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ashkenazy-buys-queens-retail-asset\/\",\"name\":\"Ashkenazy Buys Queens Retail Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ashkenazy-buys-queens-retail-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ashkenazy-buys-queens-retail-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Shops-at-Atlas-Park.jpg\",\"datePublished\":\"2025-08-01T15:51:49+00:00\",\"dateModified\":\"2025-08-01T15:52:35+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/63cac94132ceff8b31d189996459d345\"},\"description\":\"Ashkenazy Acquisition Corp. purchased The Shops at Atlas Park, a retail property in Queens, N.Y., from Macerich and a partner.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ashkenazy-buys-queens-retail-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/ashkenazy-buys-queens-retail-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ashkenazy-buys-queens-retail-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Shops-at-Atlas-Park.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Shops-at-Atlas-Park.jpg\",\"width\":800,\"height\":620,\"caption\":\"Ashkenazy Acquisition Corp. plans to upgrade The Shops at Atlas Park. 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