Ziff Properties Acquires Retail Center
April 15, 2015
MOUNT PLEASANT, SC – Ziff Properties, Inc. today announced the acquisition of Signal Mountain Shopping Center, a BI-LO-anchored retail property located at 709 Signal Mountain Road in Chattanooga, Tennessee. The 61,284-square-foot center sold for $4.8 million. Sharon Bands and Susan Bands of Marcus & Millichap represented the seller. Ziff Properties was self-represented by COO & Director of Acquisitions Christian Chamblee.
Chamblee said of the acquisition, “Ziff Properties has a vested interest in the Chattanooga market. Signal Mountain Shopping Center is our second acquisition in the Chattanooga MSA in recent months. We are excited to contribute to the Signal Mountain community and all of the neighborhoods served by our Chattanooga properties.”
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 41-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 3.8 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.
