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Ashkenazy Acquires Jewel Osco-Anchored Center in Rogers Park

Ashkenazy Acquisition Corporation (AAC), a private real estate investment firm led by CEO and chairman Ben Ashkenazy, acquired Gateway Centre, an approximately 200,000 square-foot retail property in Chicago’s Rogers Park neighborhood. The purchase price was not disclosed.

Located at 7507 N Clark St. and on the shore of Lake Michigan, Gateway Centre is 93.4% leased, and anchored by Jewel Osco, Marshalls, and LA Fitness. The center is located just under three miles from downtown Evanston and nine miles from Chicago’s CBD.

“As a specialist in headliner transit-oriented properties, Gateway Centre fits right into AAC’s core investment strategy,” said Joe Press, COO of AAC. “The property is a high traffic infill location that is connected to the Howard CTA Station, allowing Gateway Centre to attract morning and evening commuter traffic on foot, rail, bus and cars.”

AAC was represented in house on the transaction. The seller, Stockbridge, was represented by George Good from CBRE.

Photo courtesy of CBRE.

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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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