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Ben Ashkenazy, CEO of Ashkenazy Acquisition Corporation, has secured Burlington as a tenant for Level 1 of the JCPenney building adjacent to Queens Center Mall. The JCPenney building, while part of the mall, is owned separately by Ashkenazy Acquisition Corporation, a prominent real estate investment company headquartered in New York City.
Burlington, a national off-price retailer known for offering discounted apparel, home goods, and accessories, is slated to open its new store before the 2024 holiday season. This expansion marks Burlington’s sixth location in Queens, further cementing the retailer’s presence in the borough and offering budget-conscious shoppers another convenient option.
Queens Center Mall, located at the intersection of the Long Island Expressway and Queens Boulevard, draws over 27 million visitors annually, making it one of the busiest retail locations in the area. The mall's strategic location in a high-density area with more than 2 million residents has helped maintain its position as a prime retail destination.
Burlington’s new store on Level 1 will join an array of other prominent retailers at Queens Center Mall, including Zara, H&M, JD Sports, and Apple. The addition of Burlington, along with other recent and upcoming tenants such as Warby Parker, Primark, and H&M, reinforces the mall’s prominence as a retail hub.
According to Bob Knakal, Chairman & CEO of BKREA, “retail in the city is experiencing an upswing, with rents stabilizing, leasing activity increasing, and investor demand rising across the sector”.
For Burlington, this move to Queens Center Mall provides an excellent opportunity to serve a bustling community while benefiting from the mall’s high traffic and robust retail environment. As Queens Center Mall continues to attract new tenants and provide valuable services to its visitors, it remains a vital economic engine for the local community, supporting businesses and driving economic activity.
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