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New York & Tri-State  + New York  + Retail  | 

Ashkenazy Makes Second Westchester County Deal This Month

Cushman & Wakefield arranged the sale of Ferndale Shopping Center, an 84,000-square-foot retail property in Larchmont, NY. Ashkenazy Acquisition Corporation purchased the grocery- and pharmacy-anchored asset in Westchester County from Ten Grand Inc. for more than $35 million.

Located on 6.8 acres at 1310-1340 Boston Post Rd., Ferndale Shopping Center is 96% occupied by seven tenants, including Stop & Shop and a 24-hour CVS. “This Westchester County center enjoys a truly irreplaceable, infill location,” said Cushman & Wakefield’s Andrew Merin. “It provides classic neighborhood retail in the second-wealthiest county in the State of New York.”

New Jersey-based Merin and his colleagues David Bernhaut, Gary Gabriel, Brian Whitmer, Frank DiTommaso and Kyle Schmidt led the assignment with Matt Lisk and Al Mirin of Cushman& Wakefield’s Stamford, CT office. Earlier this month, Ashkenazy acquired another Westchester County property, the 380,000-square-foot Vernon Hills Shopping Center in Eastchester, NY.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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