WE STRIVE TO DEVELOP SITES THAT IMPROVE OUR SURROUNDINGS THROUGH THOUGHTFUL DESIGN AND ATTENTION TO DETAIL
Over the past 40+ years, Blank Aschkenasy Properties has built a record of successful investments and developments by applying our core principles to our real estate strategy. It’s our ability to think across the full spectrum of a project that sets us apart –prior to committing to any project, large or small, we embark on an intensive due diligence process that results in us always being several steps ahead of our competition. We consider the issues most likely to arise, the impact one decision will have on other parts of a project and, most importantly, work to resolve them before they become a stumbling block. And when the unexpected occurs, we take a rigorous, hands-on approach that we believe is generally successful because of our deep knowledge of our markets, vertically integrated operating platform and proximity to our real estate investments.
Tenants
We have been in the real estate management business in the Philadelphia area since 1972. We actively manage our own properties and take great pride in our relationships with our tenants. Fundamental to our success is the success of our tenants.
INVESTMENT THESIS
We invest our capital side by side with our partners, ensuring that our interests are always aligned. We prioritize value add opportunities where we have a specific expertise or local knowledge that provides us an advantage over our competitors.
COMMUNITY
We believe that re-development of new acquisitions (as well as management of our existing properties) is a collaborative effort with the community that the project serves, and accordingly, take our role in each community extremely seriously.
NEWS
BLANK ASCHKENASY PROPERTIES WINS PHILADELPHIA BUSINESS JOURNAL’S RETAIL DEAL OF THE YEAR AWARD
March 2024— In September, Carlisle-based grocer Giant Co. began work on its forthcoming store in Jenkintown, marking its first entry into the area. The approximately 50,000-square-foot grocery store will be built on the former site of a Glanzmann Subaru dealership, expanding the company’s presence to 21 locations in Montgomery County. Blank Aschkenasy Properties assembled multiple adjacent parcels to bring the project to fruition. Despite the challenge of an unusually shaped site—located between two converging roads—the store will feature a roof parking structure to accommodate customers. As part of Giant’s regional expansion plans, the new store is expected to be completed in 2025 and create more than 100 jobs.
Marple Crossroads Shopping Center Welcomes Raymour and Flanagan and Announces the Relocation of Burlington Stores
June 2022—Blank Aschkenasy Properties is happy to welcome Raymour and Flanagan to its new 69,000 SF store on the lower level and congratulate Burlington on its new 30,000 SF prototype store on the ground level of the Marple Crossroads.
Relative Properties Purchases Riverquick Apartments to Integrate into its Yardley Crossing Project
June 2018—Relative Properties is pleased to announce the addition of Riverquick Apartments into Yardley Crossing. By adding the adjacent units, the acquisition provides both operational economies of scale to both properties and adds value to the new units by providing access to Yardley Crossings extensive amenities.
Oak Street Health Commits to its first Northeast Philadelphia Location
May 2018— Blank Aschkenasy Properties is pleased to announce that Oak Street Health will be opening its first Northeast Philadelphia location this fall at Aramingo Square at the corner of Castor and Aramingo Avenues.
Blank Aschkenasy Properties Wins Prestigious Montgomery Award for its Bryn Mawr Village Development
November 2017— Bryn Mawr Village, an outstanding infill redevelopment project in Lower Merion Township, received a 2017 Montgomery Award from the Montgomery County Planning Commission for creative vision, effective site design, and successful collaboration. This impressive adaptive reuse project, a result of decade–long planning efforts and development initiatives, transformed a vacant, underutilized site located in the heart of the Bryn Mawr business district into a vibrant mixed-use center.