NEW YORK & CHICAGO--(BUSINESS WIRE)--Dec 5, 2025--
Ashkenazy Acquisition Corp., a private real estate investment firm owned by Ben Ashkenazy, continues its buying spree with the acquisition of Orland Park Place, a dominant, institutional quality regional power center in a densely populated suburb of Chicago, for $60 million. This new transaction is part of the firm’s continued strategy to deploy $750 million for the acquisition of best-in-class retail, hospitality, and distressed debt throughout the United States.
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The 600,000-square-foot shopping destination features retailers such as Nordstrom Rack, Dick’s, Marshalls, Ross, Planet Fitness, and Barnes and Noble, among others, which draws some of the most robust tenant sales volumes in the country.
PMAT Companies was the seller in the new transaction, and Webster Bank was the lender.
“Ben Ashkenazy and I shook hands to an all-cash, no-contingency deal with a quick close. Our team is delighted with the execution and the outcome,” said PMAT founder and CEO Bob Whelan.
The acquisition of Orland Park aligns perfectly with Ashkenazy’s strategy of investing in well-located, value-add retail centers in densely populated, infill locations with an excellent merchandising mix.
Orland Park Place follows Ashkenazy’s recent acquisition of the Shops at Atlas Park in Queens, NY from Macerich.
Orland Park Place is located about 25 miles southwest of Chicago at the intersection of LaGrange Road and West 151st Street, easily accessible via several interstate highways, and in close proximity to downtown Chicago.
About Ashkenazy Acquisition Corporation
Headquartered in New York City, Ashkenazy Acquisition Corporation is a private real estate investment firm focusing on retail, hotel and office assets. Ashkenazy Acquisition has acquired over 15 million square feet of real estate, located throughout the United States and Canada. With a portfolio containing more than 100 buildings valued at $12 billion, Ashkenazy Acquisition has a superior performance history in purchasing and managing premier assets countrywide.
Ashkenazy Acquisition Corp. Acquires 600,000-Square-Foot Power Center in Chicago
BARCELONA, Spain (AP) — British rock star Morrissey won’t perform a concert in Valencia after festivities in the Spanish city kept him from getting a proper night’s rest, the former frontman of The Smiths said Thursday.
A statement posted on Morrissey’s website on the morning of the concert said that the “scheduled show in Valencia has been rendered impossible due to sleep deprivation.”
Morrissey arrived to Valencia on Wednesday after a two-day drive from Milan, but he was disturbed during the night by the festival that included, the statement said, “loud techno singing (and) megaphone announcements” that were audible from inside his hotel room.
“This experience has left Morrissey in a catatonic state,” the statement read.
In another short post on his website, the singer said his night was an “indescribable hell.”
“It will take me one year to recover. And that is an understatement.”
The website added in bold print that “The show is not canceled. Circumstances render the show impossible,” making it unclear if it will be rescheduled or if ticket holders can request a refund.
The 66-year-old Morrissey is touring to promote his album “Make-up Is a Lie,” his first in six years, which was released earlier this month. It is the 14th solo album for the ex-singer of The Smiths, an iconic 1980s rock band.
While loved by his fans for timeless hits such as “How Soon Is Now?” and “Everyday Is Like Sunday,” Morrissey is also known for his temperamental character and wide array of shifting political views. His support of animal rights has made him a fierce critic of Spain's traditional bullfights, for example.
The “Las Fallas” festival in Valencia, a city on Spain’s eastern Mediterranean coast, is famous for its noisy street parties and fireworks. It culminates in the burning of huge, handmade papier-mâché sculptures, which this year takes place on March 19.
UNESCO added Las Fallas to its catalog of intangible cultural heritage in 2016, describes the incineration of the sculptures as “a form of purification” and “social renewal.”
Morrissey stays in Spain for his next two tour dates, playing in Zaragoza on Saturday and Seville on Monday.
FILE - British singer and songwriter Morrissey performs at the Vive Latino music festival in Mexico City on March 17, 2018. (AP Photo/Marco Ugarte, File)
