Ziff Properties Sells Medical Phase
May 25, 2015
MOUNT PLEASANT, SC – Ziff Properties, Inc. announced the disposition of the Medical Phase I of Normandy Village, a 23,808-square-foot portion of the center for $1.78 million to a Florida-based private investor. Chad Atwood and Jonathan Gerszberg of Marcus & Millichap represented Ziff Properties in the transaction.
Director of Acquisitions and Chief Operating Officer, Christian Chamblee says, “As we continue to strengthen our portfolio, the successful sale of this medical phase will allow us to expand into neighborhood communities where we believe we can add significant value.”
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 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.
