The New York City-based real estate investment firm Ashkenazy Acquisition Corp. has acquired Orland Park Place, a retail plaza in the Chicago suburb of Orland Park, Illinois, for $60 million.
The 600,000-square-foot shopping destination features retailers such as Nordstrom Rack, Dick’s, Marshalls, Ross, Planet Fitness, and Barnes and Noble. The company said the transaction is part of a continued strategy to deploy $750 million for the acquisition of best-in-class retail, hospitality, and distressed debt throughout the country.
PMAT Companies was the seller in the new transaction, and Webster Bank was the lender.
“Ben Ashkenazy and I shook hands to an all-cash, no-contingency deal with a quick close,” said PMAT founder and CEO Bob Whelan. “Our team is delighted with the execution and the outcome,”
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