Ziff Properties sells Kalmia Plaza – Aiken, SC
November 8, 2017
Ziff Properties, Inc. today announced the disposition of the 215,262-square-foot Kalmia Plaza Shopping Center located in Aiken, SC. The property was sold for $7.1 million to a private buyer from Florida. The Palomar Group facilitated the transaction as seller’s listing agent.
Ziff Properties originally acquired the shopping center from Edens in 2004, and spent 13 years filling vacancies, developing outparcels and other value-add activities.
Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “The successful sale of Kalmia Plaza marks the sixth disposition this year for Ziff Properties; all of which had been long-term holds for the company. We plan to recycle the proceeds into neighborhood shopping centers, self storage assets, and business parks.”
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 3,000,000-square feet portfolio includes shopping centers, office buildings, 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 commercial 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.
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