Ziff Properties sells Hardee’s outparcel
August 16, 2016
Ziff Properties, Inc. today announced the disposition of a 0.96 acre outparcel within the mixed-use Cedar Springs Shopping Center, located in Spartanburg, SC. The sale price for the parcel, which is ground-leased, long-term to Hardee’s was $1.1 million. Ransome Foose of Berkeley Capital represented Ziff Properties in the transaction and John Hadley of The Nichols Company represented the 1031 Buyer.
Ziff Properties’ Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “The successful sale of this outparcel will allow us to further focus on our goal of acquiring neighborhood retail centers and self-storage facilities.”
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.
