Ashkenazy purchases shopping center.The Ashkenazy Acquisition Corporation has purchased a 240,000-square-foot, 20-tenant 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 at the juncture of the Garden State Parkway The Garden State Parkway is a 172.4-mile (277-km) limited-access toll parkway that stretches the length of New Jersey from the New York state line at Montvale, New Jersey, to Cape May at the southern tip of the state. Its name refers to the state nickname, the "Garden State". and Route 37 in Tom's River, N.J. The 27-acre shopping center, which is currently 98 percent occupied, includes tenants such as Super Food Town, Cohls Department Store, R&S Strauss Auto Supply, Fashion Bug, Eckardt's Drugs, Radio Shack See RadioShack. and Reynolds Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . Apparel. The shopping center is the only property of its kind in Southern New Jersey, and is strategically positioned on the Garden State Parkway at Exit 82 to Route 37, which acts as the main thoroughfare to Seaside Heights, N.J. The shopping center's ideal location caused it to be aggressively pursued by a number of developers. The property recently underwent a renovation and Ashkenazy will implement further cosmetic enhancements. Ashkenazy, which will also serve as the managing agent for the Tom's River shopping center, will seek to increase its New Jersey portfolio. This transaction follows the recent acquisition of five retail properties in the metropolitan 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 area. |
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