Ziff Properties Acquires Mixed-Use Property
July 14, 2015
JACKSONVILLE, FL – Ziff Properties, Inc. today announced the acquisition of Merrill Crossings Shopping Center Phase I, a 125,869-square-foot, mixed-use property located in Jacksonville, FL. The 45,135-square-foot retail portion anchored by Big Lots, and 80,734-square-foot self-storage portion sold for $8.625 million. Michael Mele of Marcus & Millichap represented the seller.
Director of Acquisitions and Chief Operating Officer, Christian Chamblee says, “This is an exciting addition to our portfolio with a mix of the two asset classes on which we are most focused, self-storage and retail. Ziff Properties has a vested interest in the Jacksonville market and we look forward to furthering our involvement there.”
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 34-property 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 5.1 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.
