Ziff Properties acquires neighborhood center
June 27, 2017
LITTLE ROCK, AR – Ziff Properties, Inc. today announced the acquisition of the 81,271-square-foot Bowman Curve Shopping Center located near the intersection of North Bowman Road & West Markham Street in West Little Rock, AR. The property was purchased for $7.1 million. Mason Lewis represented Ziff Properties in this transaction, while Todd Rice represented the seller. Both agents are with Colliers in Little Rock.
The center will undergo cosmetic and structural renovations to restore it to its former high levels of performance. This acquisition is an example of Ziff Properties’ ability to help Landlords with exit solutions when their loans near maturity.
Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “This is an exciting acquisition for Ziff Properties as we enter a new market and add a new state to our portfolio. We see great potential in this center and look forward to putting our revitalization plans into motion.”
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.
