The Shops at The Bravern have been sold, according to the Puget Sound Business Journal. The report states that Ashkenazy Acquisition Corp., a firm out of New York City, has purchased the shopping center for $79 million. Schnitzer West, the seller and developer of The Bravern, put the center up for sale in November 2011.
Ashkenazy Acquisition Corp. is not new to luxury properties. Some of their other investments include properties Faneuil Hall Marketplace in Boston, Union Station in Washington D.C., Barneys New York, 25 East Oak in Chicago’s “Miracle Mile,” Madison Avenue, and more.
According to the report, Schnitzer West’s Tom Woodworth said there were 91 potential buyers that had registered to receive information about the complex.
The Bravern is currently 87% leased, with about 13 retail spaces available. No changes for The Bravern have currently been reported.
