Ziff Properties closes multiple-property transaction
September 27, 2016
Ziff Properties, Inc. today announced the disposition of Lancer Center, Lanier Plaza and The Village at Myrtle Grove. The portfolio of southeastern retail properties sold for $24 million to a private buyer from New York. Cushman & Wakefield’s Atlanta-based retail investment sales group was part of the team that brokered the off-market transaction.
Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “This successful portfolio sale presents an opportunity for Ziff Properties to re-invest in new and challenging acquisitions and continue our retail market growth.”
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.
