Ashkenazy Buys Barneys Sites

New York-based Ashkenazy Acquisition Corp. has purchased three properties, including one in Beverly Hills, occupied by Barneys New York for $175 million.

Ashkenazy purchased the 450,000 square feet of retail space from Japanese retailer Isetan Co., which took over the Barneys New York real estate after the high-end fashion retailer filed for bankruptcy protection in 1996. Isetan leased the store sites to Barneys New York.

In addition to the five-story store on Wilshire Boulevard in Beverly Hills, Ashkenazy acquired Barneys New York store sites on Madison Avenue in Manhattan and in Chicago’s Magnificent Mile district.

Ashkenazy owns and operates about 3 million square feet of retail and office space nationwide.