Ziff Properties acquires neighborhood center
August 27, 2015
MATTHEWS, NC – Ziff Properties, Inc. today announced the acquisition of Matthews Festival Shopping Center, a 127,817-square-foot retail center ideally located at the corner of E. Independence Boulevard and Matthews Township Parkway in Matthews, NC. The property was acquired for $8.150 million. National and regional tenants include Big Lots, Miracle Ear, Springleaf Financial, Merle Norman Cosmetics, Tequilerias and Tamarind Fine Cuisine of India. Ziff Properties plans to renovate the center and is in various stages of discussion with several new tenants. Bryan Wyker of The Providence Group represented Ziff Properties in the acquisition and will continue to work on repositioning efforts along with Alex Kelly of Tribek Properties.
Director of Acquisitions and Chief Operating Officer, Christian Chamblee says, “Our business revolves around neighborhoods and furthering the importance of each of our shopping centers to the community. With its current occupancy levels and opportunities for enhancement, Matthews Festival is an ideal fit.”
For Further Information:
Jordanna Arbogast
843-724-3417
[email protected]
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 40-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.
