Courtesy the Shops at Atlas Park

Atlas Park Acquired in $750M Retail Push

Ashkenazy Acquisition Corporation has acquired The Shops at Atlas Park, an open-air shopping center in the Glendale neighborhood of Queens, New York, as part of a larger $750 million strategy to invest in and revitalize top-tier retail properties across the United States.

The private real estate firm, led by developer Ben Ashkenazy, purchased the 374,000-square-foot lifestyle center from California-based Macerich Co. and a partner. While the sale price was not disclosed, analysts at Evercore ISI previously estimated the property would sell for about $70 million. Macerich originally acquired the property in a foreclosure sale for $54 million in 2011.

Situated on 12 acres at the intersection of Cooper Avenue and 80

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