Ziff Properties Acquires Neighborhood Center
August 3, 2015
COLLIERVILLE, TN – Ziff Properties, Inc. today announced the acquisition of The Shops of Collierville, a 60,000-square-foot retail center located in the Collierville area (Memphis MSA). The property was acquired for $7.425 million. National and regional tenants include Starbucks, Medpost Urgent Care, Back Yard Burgers, Pizza Hut, Baskin Robbins and The UPS Store. Sheldon Griffin of Baker Storey McDonald Properties represented Ziff Properties.
Director of Acquisitions and Chief Operating Officer, Christian Chamblee says, “We are excited to expand our ever-growing portfolio into Collierville. The neighborhoods and commerce of the Collierville market are attractive for investment.”
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 35-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.
