NEWS RELEASE


                                                                        Contact:
                                                                        --------
                                                   Chris Oviatt, General Manager
                                                                    210-639-6811



RIVERCENTER  TO RESTORE  500,000  SQUARE FOOT  HISTORIC  JOSKE'S  BUILDING - ADD
ENTERTAINMENT & DINING

Part of Three Phased "Grand Re-Imagining" Plan for Downtown Retail/Entertainment
Complex



SAN ANTONIO, TX (June 5, 2008) - Ashkenazy Acquisition Corporation (AAC), owners
of Rivercenter mall since 2005,  announced today the acquisition of the historic
Joske's  building  from  Dillard's,  Inc. and plans to  revitalize  the landmark
property. "The acquisition and revitalization of the Joske's building is part of
a  larger,   three-phase   redevelopment   plan  for   Rivercenter   Mall  first
conceptualized  over three years ago." said Chris  Oviatt,  General  Manager for
Rivercenter.  "Negotiations  between Dillard's and AAC for the acquisition began
in early 2007 and were critical to our  redevelopment  plans" said Barry Lustig,
SVP of Leasing for AAC.

"In addition to redeveloping the 500,000 square foot historic building, AAC will
begin  redevelopment  work this summer that includes  renovating the lagoon area
along Commerce Street and adding  additional new retail and high-end  restaurant
venues including San Antonio's first Fogo de Chao restaurant." said Lustig.  The
final phase of the current  redevelopment plan will include major updates to the
existing  mall  interior  to  complement  the work done in the  lagoon  area and
Joske's building.  "We're calling this a Grand Re-Imagining"  Oviatt said. "It's
been 20 years since Rivercenter  opened and AAC is excited about the opportunity
to revitalize this iconic river walk destination."

AAC is working with local architects,  S.A.  Partnership under the leadership of
Frank Valadez and is currently in the conceptual  planning phase for the Joske's
building.  The  historic  design  review  process  could  begin  this  fall with
construction  beginning  as early as summer  2009.  Dillard's  will  remain open
through  mid  August of this year and  company  spokesperson,  Julie  Bull,  has
indicated that Dillard's is currently working to relocate Rivercenter associates
to the company's four remaining San Antonio locations.

Ashkenazy Acquisition Corporation (AAC) is a private, New York based real estate
investment firm,  focusing on premier retail and office assets across the United
States.  With more than 13 million square feet of retail and office  properties,
AAC's extensive  portfolio includes more than 70 properties and a combined value
of over $5 Billion dollars.  Since its 2005 acquisition of Rivercenter,  AAC has
also acquired the famed Union Station in Washington DC.



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