CVS and Gap Renew Leases at Ferndale Shopping Center in Larchmont NY, Ben Ashkenazy Real Estate

Ferndale Shopping Center announces lease renewals for CVS and Gap at its 84,000-square-foot property in Larchmont, NY. The Ben Ashkenazy-owned center remains a key retail destination serving the affluent Westchester County community.

Larchmont, New York, United States – September 25, 2024 —

CVS and Gap, two leading national retailers, have renewed their leases at Ferndale Shopping Center in Westchester County. Owned by Ben Ashkenazy of Ashkenazy Acquisition Corporation, Ferndale Shopping Center is an 84,000-square-foot retail center anchored by major retailers including Stop & Shop, CVS and Gap. Located at 1310-1340 Boston Post Road in Larchmont, NY, the shopping center continues to be a key retail hub in the area.

Ferndale Shopping Center serves the affluent village of Larchmont, located along the scenic northern shore of Long Island Sound in Westchester County. With just over 17,000 residents and an average household income of over $200,000, the village is a lucrative market for retailers. The center’s location along Boston Post Road—a key artery connecting Larchmont with neighboring coastal towns—enhances its accessibility and visibility in this highly desirable retail market.

CVS, a leader in health and wellness, provides basic pharmacy services, while Gap, a renowned retailer, offers versatile fashion items for families. The continued presence of these well-known brands ensures that the mall meets the everyday needs of the local community while also attracting customers from the wider Westchester area.

“CVS and Gap are renewing their leases, which demonstrates Ferndale’s appeal as a shopping destination for residents and visitors,” said Joe Press, COO of Ashkenazy Acquisition Corporation. “We remain committed to maintaining a strong tenant mix that meets the evolving needs of the community.”

Ashkenazy Acquisition Corporation’s strategy is focused on creating dynamic retail environments, and the renewal of CVS and Gap reflects the company’s commitment to supporting long-term growth. The Larchmont area itself, known for its luxury lifestyle, picturesque homes, private clubs and highly rated schools, offers an ideal customer base, further solidifying Ferndale Shopping Center’s value as a retail and community center.

The combination of major retailers and local accessibility makes the center a cornerstone of the region’s retail landscape, meeting the everyday needs of residents and the broader Westchester County community. This lease renewal underscores Ferndale Shopping Center’s continued ability to attract and retain national tenants, solidifying its position as a major retail destination in the area.

For more information about Ashkenazy Acquisition Corporation, please visit their website: click here.

New York-based Ashkenazy Acquisition Corporation, led by Ben Ashkenazy as CEO/Chairman, is a privately held real estate investment firm focused on retail, hospitality and office assets. Ashkenazy Acquisition has acquired over 15 million square feet of real estate located in the United States and Canada. With a portfolio of over 100 buildings valued at $12 billion, Ashkenazy Acquisition has an excellent track record of acquiring and managing premium assets.

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