Ziff Properties acquires Biltmore Station – Asheville, NC

Ziff Properties Acquires Mixed-Use Center

ASHEVILLE, NC – Ziff Properties, Inc. today announced the acquisition of the 85,401-square-foot Biltmore Station located in Asheville, NC. The mixed-use property was purchased for an undisclosed price. Alex Quarrier of Berkeley Capital Advisors represented the seller in the transaction.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “We are very excited to enter a new and thriving city such as Asheville. The property’s submarket is dynamic and poised for long-term viability.”

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.