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**Ashkenazy Acquisition Corp. Acquires Neiman Marcus Site in Beverly Hills**
Ashkenazy Acquisition Corp., a private real estate investment firm led by Ben Ashkenazy, has acquired the iconic Neiman Marcus property spanning two city blocks in the Beverly Hills Golden Triangle. With this latest purchase, Ashkenazy becomes the largest owner of premier retail space in the prestigious shopping district.
The acquisition adds to the firm’s growing portfolio in Beverly Hills, which already includes the former Barneys building on Wilshire Boulevard. Altogether, Ashkenazy now controls approximately 350,000 square feet of high-end retail space in the area.
While the company did not reveal the exact purchase price of the Neiman Marcus property, it referenced similar recent transactions, such as the $220 million acquisition of the Wilshire/Rodeo site by the Mateen Family and the $100 million purchase of an 80,000-square-foot property on Wilshire Boulevard by Alo for its new headquarters.
“Ashkenazy continues to demonstrate an uncanny ability to close on iconic assets with unparalleled speed,” said Jay Luchs, Executive Vice Chairman at Newmark. The acquisition was reportedly completed in just seven days.
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