Ziff Properties moves forward with self-storage conversion
June 30, 2016
Ziff Properties, Inc. announced the official closing of Mountain Creek Village Shopping Center in Chattanooga, TN. This project is a venture between Ziff Properties, Inc. and Reliant Self Storage, which will involve redeveloping the former Food Lion-anchored retail center into a self-storage facility. The finished product will be a Class A climate and non-climate controlled self-storage facility of 81,728-square feet with 718 units. The property will also provide outdoor storage for boats and RV’s as well as a two-story office and on-site managers unit.
This acquisition marks Ziff Properties’ third in Chattanooga in 18 months, which includes nearby Signal Mountain Shopping Center, where Food City is the anchor. Tom Cofer of Rivercity Realty represented the seller. Rudy Walldorf of Herman Walldorf Commercial, Inc. represented the buyer.
Ziff Properties’ Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “We see heavy potential for this property and look forward to seeing our extensive redevelopment plans come to life. We are excited to provide a first-class storage facility for the Chattanooga community.”
About Ziff Properties
Ziff Properties, Inc. specializes in the development, acquisition and management of
commercial properties in the Southeastern United States. Based in Mount Pleasant, South Carolina, the Company’s 3,000,00-square feet portfolio includes shopping centers, office buildings, flex centers, light industrial properties, and self-storage facilities. Founded by Stephen Ziff in 1992 along with CEO Tim Walter, the company has purchased more than 6 million square feet of commercial property. With more than 500 tenants, Ziff Properties’ portfolio contains locally owned and operated businesses as well as national tenants such as Food Lion, Staples, Starbucks and Hibbett Sports. For more information, please visit www.zpi.net.
