Ashkenazy Acquisition Corp., , a private real estate investment firm owned by Ben Ashkenazy, announced a major retail acquisition of the two-city block Neiman Marcus site in the Beverly Hills Golden Triangle. The new acquisition positions the firm as the largest owner of premier retail space in one of the most coveted shopping districts in the world.
The portfolio, which now includes
This strategic acquisition significantly expands Ashkenazy’s presence in Beverly Hills and reinforces the firm’s focus on irreplaceable, best-in-class retail assets located in globally recognized luxury corridors.
Recent comparable sales in the immediate area underscore the long-term value of assets of this scale. Recent transactions include the approximately $220 million acquisition of the Wilshire/Rodeo site by the Mateen Family and the approximately $100 million purchase of an 80,000-square-foot Wilshire Boulevard property by Alo for its new headquarters.
“Ashkenazy continues to demonstrate an uncanny ability to close on iconic assets with unparalleled speed,” said Jay Luchs, Executive Vice Chairman at Newmark. Sources familiar with the transaction confirmed that the entire acquisition happened in seven days, from start to finish.
