Ashkenazy acquires mall. (Retail New York).Ashkenazy Acquisition Corp., a national owner and operator of commercial and retail real estate, has acquired the Bay Harbor Mall, a 300,000-SF shopping facility in Lawrence, NY. Ashkenazy purchased the Bay Harbor Mall, which is ideally located on the major traffic routes in the Five Towns of Long Island, from Leucadia National Leucadia National Corporation (traded on the New York Stock Exchange as LUK) is a holding company that, through its subsidiaries, engages in mining & drilling services, telecommunications, healthcare services, manufacturing, banking and lending, real estate, and winery businesses Corporation for $30 million. The shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into is 90 percent occupied and features national retailers such as CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. Pharmacy, Waldbaums Supermarket, Inc., Marshall's Department Store, Burlington Coat Factory Burlington Coat Factory Warehouse Corporation is a national department store retailer focusing on clothing and shoes, with over 360 stores in 42 states (as of 2006). In early 2007, the first location to be opened in Canada will be at the Vaughan Mills mall in Toronto. and Radio Shack See RadioShack. . Ashkenazy Acquisition Corp. was founded in 1987 and operates more than three million SF of retail and office property throughout the United States. The purchase of the Bay Harbor Mall is part of a two-year plan to acquire $1 billion in premiere commercial and retail assets throughout the nation. As part of this effort, Ashkenazy recently acquired the three flagship Barney's stores in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago and Beverly Hills. Ashkenazy will enhance the physical infrastructure of the Bay Harbor Mall, further positioning it to take advantage of its location at the juncture of the Rockaway Turnpike and the Nassau Expressway. Ashkenazy now owns three of four corners of the highest-volume intersection on the South Shore of Long Island, including a strip center, which is located directly across the street from the Bay Harbor Mall and which houses a 7-11, a bagel store, a bank and a free-standing cinema. |
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