The group, Ashkenazy Acquisition Corp., acquired the trio of buildings from Japanese retailer Isetan Co. Isetan purchased the properties after Barneys filed for bankruptcy in 1996 and then leased the stores back.
The five-story Beverly Hills building stands at 9570 Wilshire Blvd, at the intersection of Wilshire and Camden Ave. As part of the deal, Ashkenazy will assume a ground lease on the 115,000-sf property.
The New York store has 264,500 sf and stands at 660 Madison Ave. in Manhattan. The Chicago store has 47,500 sf at 25 E. Oaks St., in the city's Magnificent Mile District.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
