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Ashkenazy acquires The Shops at Atlas Park

Jul 31, 2025•3 days ago

Acquiring Company

Ashkenazy Acquisition Corporation

Acquired Company

The Shops at Atlas Park

New YorkNew YorkReal EstateRetailRetailFashion

Description

Ashkenazy Acquisition Corporation has acquired The Shops at Atlas Park in Queens, NY from Macerich and a partner. The acquisition aligns with Ashkenazy's strategy of enhancing best-in-class retail destinations. This open-air shopping center is set for renovations to further elevate its appeal. The property is strategically located and easily accessible, enhancing its value.

Company Information

Company

Ashkenazy Acquisition Corporation

Location

New York, United States

About

Ashkenazy Acquisition Corporation, led by Ben Ashkenazy, is a prominent real estate firm specializing in acquiring and revitalizing commercial properties. The company focuses on comprehensive repositioning and strategic leasing initiatives to transform prime retail and office spaces into premier shopping and lifestyle enclaves.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed