News

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November 11, 2021

ZRP Storage Opportunity Fund Closes on $50mm Equity Raise

Ziff Real Estate Partners ("ZRP") has closed on $50,000,000 of equity to launch the ZRP Storage Opportunity Fund.

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October 27, 2021

Ziff Real Estate Partners Opens Florida Office

Ziff Real Estate Partners (ZRP) has announced the opening of its first office in the state of Florida.

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September 15, 2021

Ziff Real Estate Partners Acquires Sure Safe Self Storage

Ziff Real Estate Partners has acquired Sure Safe Self Storage in Englewood, FL (Sarasota MSA) in an all-cash transaction. Built in 1988, the 25,000 square foot property was 78% occupied at the time of the acquisition.

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August 31, 2021

Ziff Real Estate Partners Acquires Shadow Center in Fishers, IN

Ziff Real Estate Partners has acquired Fishers Crossing, a 29,569 square foot retail shopping center located in the affluent Indianapolis suburb of Fishers, IN.

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August 19, 2021

Ziff Real Estate Partners Sells A 13 Property Self-Storage Portfolio

Ziff Real Estate Partners ("ZRP") has sold a 13 property self-storage portfolio to Prime Group Holdings (“Prime”) in a transaction valued at over $100 million dollars.

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August 18, 2021

Ziff Real Estate Partners Sells Pyramid Place Shopping Center

Ziff Real Estate Partners has sold Pyramid Place Shopping Center in an off-market transaction. The neighborhood shopping center is located in the heart of the northwest Indianapolis retail corridor at the heavily traveled intersection of northern Indianapolis, Michigan Rd and West 86th.

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August 10, 2021

Ziff Real Estate Partners Acquires Flex Industrial Property, Directors Row

Ziff Real Estate Partners has acquired a 215,100 sf flex industrial property, Directors Row, located in the Southwest industrial submarket just 15 minutes from downtown.

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May 19, 2021

Ziff Real Estate Partners Acquires Neighborhood Retail Center, Galleria Commons

Ziff Real Estate Partners has acquired the neighborhood retail center, Galleria Commons. It is located on Monroe Road in Charlotte MSA.

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May 11, 2021

Ziff Real Estate Partners Announces Disposition of Bridgeport II & Chicago Heights

Ziff Real Estate Partners is pleased to announce the disposition of their condominium interest in Bridgeport II, located in Mt. Pleasant, SC and their wholly owned ExtraSpace Storage located in Chicago Heights, IL.

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May 11, 2021

ZRP Announces Disposition of Bridgeport II & ExtraSpace Storage Facility

Ziff Real Estate Partners is pleased to announce the disposition of their condominium interest in Bridgeport II, located in Mt. Pleasant, SC and their wholly owned ExtraSpace Storage located in Chicago Heights, IL.

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February 23, 2021

Benefit From Our Broker Bonus Program!

We are now offering a broker bonus for newly signed leases at certain properties.

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January 21, 2021

Ziff Real Estate Partners Announces Disposition of Decker Village

Ziff Real Estate Partners is pleased to announce the disposition of Decker Village; a 57,771 SF shopping center located in Columbia, SC.

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January 7, 2021

Ziff Real Estate Partners Announces Acquisition of Jackson's Courtyard

Ziff Real Estate Partners has acquired Jackson’s Courtyard, a 41,439 square-foot unanchored neighborhood retail center in the Nashville MSA.

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October 20, 2020

Trader joe's opens new location in stony point village

RICHMOND, VA - Ziff Properties, Inc. announces the opening of Trader Joe’s in a 12,995 square foot space at Stony Point Village. The store features the bright colors that have become a...

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September 17, 2020

Ziff properties brings trader joes to stony point village

RICHMOND, VA - Ziff Properties, Inc. announces the completion of a 12,995 square foot lease transaction at Stony Point Village, with Trader Joe’s. This lease was the catalyst for an extensive...

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March 9, 2020

Ziff properties expands to Texas!

SAN ANTONIO, TX - Ziff Properties, Inc. has announced the acquisition of Castle Hills Market, a 97,682 square foot mix of retail, restaurant, and office space. Located in the heart of the Castle...

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August 14, 2019

Ziff properties sells villa rica crossing

VILLA RICA, GA - Ziff Properties, Inc. today announced the disposition of Villa Rica Crossing, a 57,584-square-foot neighborhood shopping center. The property sold off-market for $2,875,000 to...

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July 17, 2019

Ziff properties sells the shops at salem fields

FREDERICKSBURG, VA - Ziff Properties, Inc. today announced the disposition of The Shops at Salem Fields, a 44,900-square-foot shopping center, located in Fredericksburg, VA between Washington, D.C....

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June 6, 2019

Ziff properties acquires turnberry place

CORNELIUS, NC - Ziff Properties, Inc. today announced the acquisition of Turnberry Place, a +/- 20,000-square-foot shopping center in Cornelius, NC, located just minutes from Lake Norman. The...

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April 16, 2019

Ziff properties sells terraces at university place

CHARLOTTE, NC - Ziff Properties, Inc. today announced the disposition of Terraces at University Place, a 65,112-square-foot shopping center, located in Charlotte, NC, across from the University...

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February 21, 2019

Ziff properties acquires stony point shopping center

RICHMOND, VA - Ziff Properties, Inc. today announced the acquisition of Stony Point Shopping Center, a 114,347-square-foot retail center, located in the Historic Bon Air community of Richmond...

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December 7, 2018

Ziff properties acquires commerce park place

Ziff Properties, Inc. today announced the acquisition of Commerce Park Place, a multi-tenant business park located in Indianapolis, IN. The 133,088 square-foot complex is comprised of 7 buildings...

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November 12, 2018

ziff properties acquires lexington property for storage conversion - Lexington, KY

Ziff Properties, Inc. today announced the acquisition of the formerGolden Burley Tobacco Warehouse and Building Materials Warehouse located onAngliana Avenue in Lexington, Kentucky. Fred Pfister...

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July 13, 2018

Ziff properties acquires promenade at jones bridge - Alpharetta, GA

Ziff Properties, Inc. today announced the acquisition of Promenade at Jones Bridge, a 38,312-square-foot retail center located in Alpharetta, GA (Atlanta MSA). The property was purchased for...

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July 11, 2018

Ziff properties brings dated retail center ahead of the curve - Little Rock, AR

Bowman Curve retail shopping center was acquired by Ziff Properties, Inc. in June of 2017. ZPI immediately commenced renovations and repairs to bring the 81,271-square-foot retail center back to...

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May 31, 2018

Ziff properties sells lexington towne centre - Lexington, SC

Ziff Properties, Inc. today announced the disposition of Lexington Towne Centre, a 131,809-square-foot retail center located in Lexington (Columbia), SC. The property sold for $12.575 million to a...

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May 29, 2018

Ziff properties acquires starpoint storage - Chapel Hill, NC

Ziff Properties, Inc. today announced the acquisition of Starpoint Storage, a multi-use storage and warehousing facility located in Chapel Hill, NC. The existing 83,000-square-foot complex is...

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April 20, 2018

Ziff Properties Acquires Garlington Park - Greenville, SC

Ziff Properties, Inc. today announced the acquisition of Garlington Park, a multi-tenant business park located in Greenville, SC. The 119,734-square-foot complex is comprised of 4 buildings with...

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April 13, 2018

Ziff Properties Acquires Knoxville Property For Storage Conversion - Knoxville, TN

Ziff Properties, Inc. today announced the acquisition of the former US Golf & Tennis Center located in Farragut, TN (Knoxville MSA). The 6.02 acre parcel of land will be redeveloped into a Class A...

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February 13, 2018

Construction Begins On Hotel Phase Of Biltmore Station - Asheville, NC

Ziff Properties, Inc. today announced the beginning of the hotel phase of their Biltmore Station located in Asheville, NC. The 85,401-square-foot mixed-use property is comprised of retail and...

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November 17, 2017

Ziff Properties Acquires Mixed-use Center - Asheville, NC

Ziff Properties, Inc. today announced the acquisition of the 85,401-square-foot Biltmore Station located in Asheville, NC. The mixed-use property was purchased for an undisclosed price. Alex Quarrier...

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November 8, 2017

Ziff Properties Sells Kalmia Plaza - Aiken, SC

Ziff Properties, Inc. today announced the disposition of the 215,262-square-foot Kalmia Plaza Shopping Center located in Aiken, SC. The property was sold for $7.1 million to a private buyer from...

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October 12, 2017

Ziff Properties Acquires Taylors Storage - Taylors, SC

Ziff Properties, Inc. today announced the acquisition of Taylors Storage located in Taylors, SC (Greenville MSA). The property is 43,000-square-feet on 12 acres. The facility and the business were...

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July 20, 2017

Ziff Properties Acquires Neighborhood Center - Marietta, GA

Ziff Properties, Inc. today announced the acquisition of the 56,640-square-foot Burnt Hickory Village retail center located in Marietta, GA (Atlanta MSA). The property was purchased for $8.65...

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July 19, 2017

Ziff Properties Sells Roosevelt Gardens - Norfolk, VA

Ziff Properties, Inc. today announced the disposition of Roosevelt Gardens Shopping Center located in Norfolk, VA. The retail property sold for $10.2 million to Coastal Equities Real Estate, LLC...

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June 23, 2017

Ziff Properties Acquires Neighborhood Center - 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...

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June 5, 2017

Ziff Properties Sells Manger Garage - Savannah, GA

Ziff Properties, Inc. today announced the disposition of the Manger Parking Garage located in Savannah, GA. The property sold for approximately $20 million to a private buyer from Savannah. Todd...

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December 13, 2016

Ziff Properties Acquires Self-storage Facility - Simpsonville, SC

Ziff Properties, Inc. today announced the acquisition of Absolute Storage, a 45,530-square-foot self-storage facility located in Simpsonville, SC (Greenville MSA). The property was purchased for...

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December 6, 2016

Ziff Properties Plans Self Storage Conversion - Greenville, SC

Ziff Properties, Inc. today announced the acquisition of Buncombe Plaza, a 52,000-square-foot shopping center located in Greenville, South Carolina’s water tower district near downtown. The...

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September 27, 2016

Ziff Properties Closes Multiple-property Transaction - Mt. Pleasant, SC

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...

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August 24, 2016

Ziff Properties Acquires Self-storage Facility - Anderson, SC

Ziff Properties, Inc. today announced the acquisition of Beltline Self Storage, a 51,285-square-foot self-storage facility in Anderson, SC. The property was purchased for $4.56 million and...

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August 18, 2016

Ziff Properties Plans Self Storage Conversion - Fredericksburg, VA

After the recent conclusion of the entitlement process in Spotsylvania County, a venture between Ziff Properties, Inc. and Reliant Real Estate Management is set to acquire and redevelop a...

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August 16, 2016

Ziff Properties Sells Hardee's Outparcel - Spartanburg, SC

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...

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July 1, 2016

Ziff Properties Moves Forward With Self-storage Conversion - Chattanooga, TN

Ziff Properties, Inc. today announced the official closing of Mountain Creek Village Shopping Center in Chattanooga, TN. This project is a venture between Ziff Properties, Inc. and Reliant Self...

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November 11, 2021

ZRP Storage Opportunity Fund Closes on $50mm Equity Raise

MOUNT PLEASANT, SC – Ziff Real Estate Partners ("ZRP") has closed on $50,000,000 of equity to launch the ZRP Storage Opportunity Fund. The Fund will utilize a value-add strategy to acquire and expand existing storage properties, redevelop non-storage structures into Class A storage facilities, and develop new ground-up storage properties. Over the past decade, ZRP has proven their strategy through $250+ million of self-storage investments totaling 1.5 million square feet across 18 properties in six states. The firm has produced a net IRR of 21% and a 2.5x MOIC on realized storage investments.  

In a statement from Sarah Brantley, Director of Investor Relations, “We are proud to launch this fund with such strong backing from our existing investors and are delighted to welcome new investors joining us for the first time. To be able to close the fund from initial marketing to fully subscribed in less than five weeks is a testament to our firm’s proven strategy for the fund and the strength of the product type.”

The Fund intends to acquire or develop approximately 15 properties. To date, the Fund has closed on one property and is set to close on another two properties by the end of the year, with three more in the later stages of due diligence.

Founded in 1991, ZRP has owned over 7,300,000 square feet of commercial real estate assets and has completed over 150 commercial real estate transactions as principals and investment managers, representing a buy/sell transaction volume of $800,000,000.

For further information regarding investing with Ziff Real Estate Partners, please contact:
Sarah Brantley
843.724.3401
sbrantley@ziffcre.com

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October 27, 2021

Ziff Real Estate Partners Opens Florida Office

Charleston, SC –Ziff Real Estate Partners (ZRP) has announced the opening of  its first office in the state of Florida. Tim Walter, CEO states, “The opening of our Florida office reflects the growth of our investment activity in the state and our need for a full-time on the ground presence. Curt Schade our Co-CEO will manage the office. Florida’s growth and business friendly climate makes it an ideal location for further investment.”

Ziff has successfully invested in self-storage and retail properties in Jacksonville and Tallahassee and has made recent acquisitions of self-storage properties in the Orlando and Sarasota MSAs. These recent acquisitions are the first for ZRP’s Storage Opportunity Fund which is raising up to $50mm of equity with $25mm committed by Ziff principals.

Founded in 1991, Ziff has owned over 7,300,000 square feet of commercial real estate assets and has completed over 150 commercial real estate acquisitions and dispositions as principals and investment managers. This represents a buy/sell transaction volume of $800,000,000 including $250,000,000 of self-storage properties.

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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September 15, 2021

Ziff Real Estate Partners Acquires Sure Safe Self Storage

Mount Pleasant, SC based Ziff Real Estate Partners ("ZRP") has acquired Sure Safe Self Storage in Englewood, FL (Sarasota MSA) in an all-cash transaction.  Built in 1988, the 25,000 square foot property was 78% occupied at the time of the acquisition.

 

This closing represents ZRP’s first self-storage acquisition since the August portfolio disposition of 13 self-storage assets located in high growth areas of North Carolina, South Carolina, Tennessee, Virginia, Kentucky, and Florida. 

 

ZRP will invest in a rebranding, technological upgrade, expansion, and extensive renovation of the existing facility.  The asset is to be included in a self-storage fund that ZRP will be launching for accredited investors in the near future.

 

Founded in 1991, ZRP has invested in over 7,300,000 square feet of commercial real estate and has completed over 150 acquisitions and dispositions totaling more than $800,000,000.  

 

For more information regarding this transaction or the self-storage fund, please contact Sarah Brantley, Director of Investor Relations.

 

For Further Information:

Sarah Brantley

843.724.3401

sbrantley@zpi.net

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August 31, 2021

Ziff Real Estate Partners Acquires Shadow Center in Fishers, IN

FISHERS (INDIANAPOLIS), IN – Ziff Real Estate Partners has acquired Fishers Crossing, a 29,569 square foot retail shopping center located in the affluent Indianapolis suburb of Fishers, IN.  The property sits at the corner of Allisonville Road and E. 116th Street, a short distance from the transforming Nickel Plate District to the east.

Fishers Crossing was 100% occupied at the time of purchase.  It is shadow anchored by a recently renovated Kroger Supermarket and contains national tenants such as Pet Supplies Plus, Great Clips and Papa John's.  The property is the second retail center that ZRP has acquired in the Indianapolis MSA.  The latest acquisition complements its current flex assets, Commerce Park (133,000 sf) and Directors Row (215,000 sf), located in NW and SW Indianapolis, respectively.

Founded in 1991, ZRP has owned over 7,300,000 square feet of commercial real estate assets and has completed over 150 acquisitions and dispositions as real estate principals and investment managers.  This represents a buy/sell transaction volume of over $800,000,000.

ZRP is seeking similar acquisition opportunities in Indianapolis and across the country.  In addition to its interest in retail and light industrial assets, ZRP also looks to buy and develop self storage opportunities nationwide.

For Further Information:
Alec Boyle
843.805.6779
aboyle@zpi.net

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August 19, 2021

Ziff Real Estate Partners Sells A 13 Property Self-Storage Portfolio

Ziff Real Estate Partners ("ZRP") has sold a 13 property self-storage portfolio to Prime Group Holdings (“Prime”) in a transaction valued at over $100 million dollars. The sale reflects the culmination of ZRP’s successful value-add and new development strategy for this portfolio and produced attractive returns, above original projections, for our investors.  ZRP is well positioned to continue to execute its successful storage redevelopment and new development strategy and the firm has an active pipeline of investments under consideration.

CubeSmart, Extra Space, and Public Storage each managed properties within the portfolio for ZRP leading up to the sale.  Prime has now assumed management of all of the acquired assets, which are located in high growth areas of North Carolina, South Carolina, Tennessee, Virginia, Kentucky, and Florida.

Prime was represented by Monty and David Spencer of The Storage Acquisition Group.  ZRP was represented by their in-house disposition team, including Gustavo Daza, the president of the South Carolina Self Storage Association.  In a statement, Daza said "the portfolio sale provided an opportunity to meet the goals of ZRP's investors in an accelerated period of time.”

Founded in 1991, ZRP has invested in over 7,300,000 square feet of commercial real estate and has completed over 150 acquisitions and dispositions totaling over $800,000,000 dollars.  

Building on this success, ZRP will be launching a self-storage fund for accredited investors in the near future, for inquiries please contact Sarah Brantley, Director of Investor Relations.

For Further Information:
Sarah Brantley
843.724.3500
sbrantley@zpi.net

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August 18, 2021

Ziff Real Estate Partners Sells Pyramid Place Shopping Center

Ziff Real Estate Partners has sold Pyramid Place Shopping Center in an off-market transaction.  The neighborhood shopping center is located in the heart of the northwest Indianapolis retail corridor at the heavily traveled intersection of northern Indianapolis, Michigan Rd and West 86th.  The shopping center was 86% occupied at the time of the $10.625 mm sale and leased to, among others, Five Guys, Einstein Bagels, Chicken Salad Chick, Qdoba, and Tavel Eye Care.  ZRP acquired the asset in 2015 from LNR Property, LLC.

ZRP plans to close an additional shopping center acquisition in August, after which ZRP will own and manage +/- 380,000 sf in Indianapolis.  The company actively seeks retail, self-storage, and flex industrial assets for acquisition across the United States.

Founded in 1991, ZRP has owned over 7,300,000 of commercial real estate assets and has completed over 150 commercial real estate acquisitions and dispositions as principals and investment managers.  This represents a buy/sell transaction volume of $800,000,000.

For more information:
Amy Jones
843.724.3500
ajones@zpi.net

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August 10, 2021

Ziff Real Estate Partners Acquires Flex Industrial Property, Directors Row

INDIANAPOLIS, IN - Ziff Real Estate Partners has acquired a 215,100 sf flex industrial property, Directors Row, located in the Southwest industrial submarket just 15 minutes from downtown.  It is in proximity to the Indianapolis International Airport with easy access to I-465 and I-70.

Directors Row was 63.88% occupied at the time of purchase and will receive significant investment to the property's functionality and aesthetics.  Major tenants include Fiserv, Rocore Thermal Systems and Evens Time.  Tyler Wilson of Colliers will lease the asset for ZRP.  The property will be the second flex facility in the market for ZRP, complementing the firms 133,000 sf flex property in northwestern Indianapolia, Commerce Park.

Founded in 1991, ZRP hs owned over 7,300,000 of commercial real estate assets and has completed over 150 commmerical real estate acquistions and dispositions as principals and investment managers.  This represents a buy/sell transaction volume of $800,000,000.

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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May 19, 2021

Ziff Real Estate Partners Acquires Neighborhood Retail Center, Galleria Commons

Ziff Real Estate Partners has acquired the neighborhood retail center, Galleria Commons. It is located on Monroe Road in Charlotte MSA. Monroe Road is a major arterial road that parallels US 74 and Sardis Road North and sees 30,000+ vehicles per day.

Ziff Real Estate Partners has deep knowledge of the Charlotte market due to the successful acquisition, lease, and sale of Terraces at University Place, Arcade Square, Coffey Creek Business Park, Maplecrest Industrial Center, Ruben Center, and current ownership of Matthews Festival and Turnberry Place. Galleria Commons is located within 3 miles of Ziff’s Matthews Festival property and is in a neighborhood seeing significant growth. Within 1 mile, Galleria Commons sits among multiple national retailers such as Walmart Supercenter, Harris Teeter, Food Lion, and The UPS Store.

Galleria Commons was acquired from a consortium of local businesspeople and Ziff plans to leverage the same management and leasing skills used to maximize success at other portfolio retail centers to stabilize occupancy. The current tenant mix is service-oriented with tenants such as Rio's Brazilian Steakhouse, Jimmy John’s, Tony’s Pizza, and Friendly Neighborhood Dental.

 

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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May 11, 2021

Ziff Real Estate Partners Announces Disposition of Bridgeport II & Chicago Heights

CHARLESTON, SC – Ziff Real Estate Partners is pleased to announce the disposition of their condominium interest in Bridgeport II, located in Mt. Pleasant, SC and their wholly owned ExtraSpace Storage located in Chicago Heights, IL. 

Located on W. Lincoln Hwy, ExtraSpace Storage was acquired by Ziff Real Estate Partners in 2011. Since acquisition, significant expansion and renovations have occurred. Prior to the expansion (completed in January of 2019), the property did not feature any non-climate controlled (NCC) units or rental parking, resulting in a struggle in operations against the REIT competition that offered both climate controlled and non-climate controlled unit types as well as parking. Upon completion of the expansion, Chicago Heights was able to add nearly 20,000 sf of non-climate controlled self storage, and 14 parking spaces in a secured setting within the existing facility’s property limits maximizing the full potential of the property. The expansion was well received by the market and was fully stabilized within 5 months of completion.  Ziff was represented in the sale by Gabriel Coe of Marcus and Millichap.

Bridgeport II is conveniently located at the foot of the Arthur Ravenel Bridge in Mount Pleasant, SC, five minutes from downtown Charleston, and 20 minutes from Charleston International Airport. It boasts Class A finishes including a two-story front lobby with a koi pond, brick finishes, and rooftop deck. Bridgeport II was the second phase of the Bridgeport office project and has a total leasable area of 30,000 sf and ample parking.


For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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May 11, 2021

ZRP Announces Disposition of Bridgeport II & ExtraSpace Storage Facility

CHARLESTON, SC – Ziff Real Estate Partners is pleased to announce the disposition of their condominium interest in Bridgeport II, located in Mt. Pleasant, SC and their wholly owned ExtraSpace Storage located in Chicago Heights, IL. 

Located on W. Lincoln Hwy, ExtraSpace Storage was acquired by Ziff Real Estate Partners in 2011. Since acquisition, significant expansion and renovations have occurred. Prior to the expansion (completed in January of 2019), the property did not feature any non-climate controlled (NCC) units or rental parking, resulting in a struggle in operations against the REIT competition that offered both climate controlled and non-climate controlled unit types as well as parking. Upon completion of the expansion, Chicago Heights was able to add nearly 20,000 sf of non-climate controlled self storage, and 14 parking spaces in a secured setting within the existing facility’s property limits maximizing the full potential of the property. The expansion was well received by the market and was fully stabilized within 5 months of completion.  Ziff was represented in the sale by Gabriel Coe of Marcus and Millichap.

Bridgeport II is conveniently located at the foot of the Arthur Ravenel Bridge in Mount Pleasant, SC, five minutes from downtown Charleston, and 20 minutes from Charleston International Airport. It boasts Class A finishes including a two-story front lobby with a koi pond, brick finishes, and rooftop deck. Bridgeport II was the second phase of the Bridgeport office project and has a total leasable area of 30,000 sf and ample parking.


For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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February 23, 2021

Benefit From Our Broker Bonus Program!

It's not too late - our broker bonus program is still going on!

We're offering a bonus of either a Peloton with 'The Works' package + a 1-year subscription or a 3 day, 2 night luxury trip (location determined by property) + $500 to spend on the trip. You can choose which bonus you would prefer; both are of equal value.

The requirements for the signed lease include:
- A 5-year minimum term
- Must be a new lease
- Executed by 4/30/21

To view our properties - visit our portfolio.

The properties that this bonus applies to include:
Turnberry Place
Matthews Festival
Biltmore Village
Raleigh Oaks
Hampton Pointe
Litchford Village
Stony Point Village
Burnt Hickory Village
The Promenade at Jones Bridge
St. Francis Marketplace
Sweet Apple Village
The Shops at Butler Crossing
The Manger Building
Commerce Park

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January 21, 2021

Ziff Real Estate Partners Announces Disposition of Decker Village

COLUMBIA, SC – Ziff Real Estate Partners is pleased to announce the disposition of Decker Village; a 57,771 SF shopping center located in Columbia, SC.

Decker Village is anchored by Food Lion and is home to many national tenants. It sees high vehicle per day counts due to its location; just minutes from the intersection of four major interstates and close proximity to Fort Jackson and the district’s largest elementary, middle, and high schools.

Ziff acquired the property in 2014 and has spent the last 6 years executing an extensive cap ex plan and navigating the tenant landscape. Chief Operating Officer and Director of Acquisitions, Christian Chamblee states that ‘The Decker experience was a testament to what we do well, achieving success through hands on an intensive management and jumping in where others may have seen a difficult project with a heavy lift ahead”.

Ziff was represented in the sale by Berkeley Capital Advisors and sold for $5,775,000 to Hackney Real Estate Partners.

For further information:
Amy Jones
843.724.3500
ajones@zpi.net

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January 7, 2021

Ziff Real Estate Partners Announces Acquisition of Jackson's Courtyard

NASHVILLE, TN – Ziff Real Estate Partners has acquired Jackson’s Courtyard, a 41,439 square-foot unanchored neighborhood retail center in the Nashville MSA. 

Jackson’s Courtyard is located in the Hermitage area of Nashville on Lebanon Pike, a high traffic commuter area, making it the perfect home for a diverse roster of necessity-based retailers. The area has been subject to high population growth and commercial development due to its easy commute to downtown Nashville. 

Ziff Real Estate Partners will provide exceptional in-house asset and property management to maximize the center’s potential throughout their ownership.  This is ZRP’s 10TH project in Tennessee and the first in Nashville.

 

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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October 20, 2020

Trader joe's opens new location in stony point village

RICHMOND, VA - Ziff Properties, Inc. announces the opening of Trader Joe’s in a 12,995 square foot space at Stony Point Village. The store features the bright colors that have become a signature for Trader Joe’s stores and artwork that pays homage to the rich history of the Richmond area. Opening day was accompanied by large crowds and an enthusiastic welcome by other tenants and members of the community.
Stony Point Village, is a 114,347 square foot shopping center, located on Huguenot Road and surrounded by affluent and established residential neighborhoods. It serves a wide area of homes and businesses and is essential to the Bon Air community. Trader Joe’s, a private label grocer with a significant following, has over 500 stores in 42 states across the US. This is their second store in the Richmond area, and they will join current tenants such as Southbound, Good Foods Grocery, Gelati Celesti, Einstein Bros Bagels, and more.  This property currently has multiple leasing opportunities available.

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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September 17, 2020

Ziff properties brings trader joes to stony point village

RICHMOND, VA - Ziff Properties, Inc. announces the completion of a 12,995 square foot lease transaction at Stony Point Village, with Trader Joe’s. This lease was the catalyst for an extensive interior and exterior renovation to the northwestern edge of the shopping center, originally tenanted by a successful and high volume Ukrops Grocery Store.
Stony Point Village, is a 114,347 square foot shopping center, located on Huguenot Road and surrounded by affluent and established residential neighborhoods. It serves a wide area of homes and businesses and is essential to the Bon Air community. Trader Joe’s, a private label grocer with a significant following, has over 500 stores in 42 states across the US. They will join current tenants such as Southbound, Good Foods Grocery, Gelati Celesti, Einstein Bros Bagels, and more.  This property currently has multiple leasing opportunities available.

For More Information Contact:
Amy Jones
843-724-3500
ajones@zpi.net

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March 9, 2020

Ziff properties expands to Texas!

SAN ANTONIO, TX - Ziff Properties, Inc. has announced the acquisition of Castle Hills Market, a 97,682 square foot mix of retail, restaurant, and office space. Located in the heart of the Castle Hills community, it is near many established residential and commercial trade areas as well as being just minutes from the San Antonio International Airport. Notable tenants include San Antonio Ballet, Whimsy Art Studio, Bilia Eatery & Cafe, Sushishima Japanese Restaurant.  Ziff Properties will also be handling the leasing and management in-house.

For Further Information Please Contact:
Amy Jones
843-724-3500
ajones@zpi.net

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August 14, 2019

Ziff properties sells villa rica crossing

VILLA RICA, GA - Ziff Properties, Inc. today announced the disposition of Villa Rica Crossing, a 57,584-square-foot neighborhood shopping center. The property sold off-market for $2,875,000 to Provest Properties. Tony D’Ambrosio and Joe Montgomery with Colliers represented Ziff Properties in the transaction. The center was 97.92% occupied as of the time of sale, with a great mix of national and local tenants.

Ziff Properties’ Director of Acquisitions and Chief Operating Officer, Christian Chamblee says, “We are happy to complete this off-market sale and execute on our original underwriting strategy.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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July 17, 2019

Ziff properties sells the shops at salem fields

FREDERICKSBURG, VA - Ziff Properties, Inc. today announced the disposition of The Shops at Salem Fields, a 44,900-square-foot shopping center, located in Fredericksburg, VA between Washington, D.C. and Richmond, VA. The property sold for $4,400,000 to Cyprians Realty Corporation. Alex Quarrier and Will Walton of Berkeley Capital Advisors represented Ziff Properties in the transaction. The center was 100% occupied as of the time of sale, with a nice mix of tenants servicing the prosperous, suburban area.

Ziff Properties’ Director of Acquisitions and Chief Operating Officer, Christian Chamblee says, “This was a strategic sale towards our goal of changing the complexion of our retail portfolio.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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June 6, 2019

Ziff properties acquires turnberry place

CORNELIUS, NC - Ziff Properties, Inc. today announced the acquisition of Turnberry Place, a +/- 20,000-square-foot shopping center in Cornelius, NC, located just minutes from Lake Norman. The property was purchased for $3,500,000 from Turnberry Equities, LLC. Turnberry Place is a half-mile from Interstate 77 and approximately 20 miles north of the Charlotte CBD. Major tenants include Luna’s, Matt’s Chicago Dogs, and Skills Martial Arts. New national retailers are expected to open across the full-service intersection from Turnberry Place.

Ziff Properties’ Director of Acquisitions and Chief Operating Officer, Christian Chamblee says, “Turnberry Place is a perfect fit for our portfolio and our team of leasing and management experts. We recently sold an asset in the Charlotte MSA and are happy to acquire another.”

For Further Information Please Contact:
Amy Jones
843-724-3500
ajones@zpi.net

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April 16, 2019

Ziff properties sells terraces at university place

CHARLOTTE, NC - Ziff Properties, Inc. today announced the disposition of Terraces at University Place, a 65,112-square-foot shopping center, located in Charlotte, NC, across from the University of North Carolina Charlotte campus. The property sold for $12,200,000 to LBX Investments of Los Angeles. Tom Kolarczyk of HFF represented Ziff Properties in the transaction. The center was 97% occupied as of the time of sale, with a nice mix of tenants servicing the University.

Ziff Properties’ Director of Acquisitions and Chief Operating Officer, Christian Chamblee says, “We are very pleased with this latest transaction. Our team did a great job of executing the business plan. We would love to further invest in Charlotte if given the right opportunity.”

For Further Information Please Contact:
Amy Jones
843-724-3500
ajones@zpi.net

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February 21, 2019

Ziff properties acquires stony point shopping center

RICHMOND, VA - Ziff Properties, Inc. today announced the acquisition of Stony Point Shopping Center, a 114,347-square-foot retail center, located in the Historic Bon Air community of Richmond, VA. John Owendoff and Jordan Lex of HFF represented the seller. This property is one of a few shopping centers on the heavily trafficked Huguenot Road, a major thoroughfare for residential communities of Midlothian into the West End and downtown Richmond. The center has a great stable of healthy and dedicated businesses on which the area depends. Stony Point also has a 40,060 sf former grocery box, which ZPI hopes to lease or redevelop in the near future. Jim Ashby with Cushman Wakefield Thalhimer will continue to handle leasing with the assistance of Alec Boyle of Ziff Properties. Ziff Properties will take over management of the shopping center.

Assistant Director of Acquisitions, Gordon Valentine, Jr. says, “For some time now, we have been searching for the right entry into the Richmond market. We are excited about the opportunity to work with local businesses as we continue to enhance the Stony Point Shopping Center.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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December 7, 2018

Ziff properties acquires commerce park place

Ziff Properties, Inc. today announced the acquisition of Commerce Park Place, a multi-tenant business park located in Indianapolis, IN. The 133,088 square-foot complex is comprised of 7 buildings with office and small bay warehouse space. The property was purchased for $6.5 million from Orton Development, Inc. Alex Cantu and Alex Davenport of Colliers Indianapolis facilitated the transaction as listing agents for the seller.

The property is located on the northwestern side of Indianapolis, approximately 11 miles northwest of the downtown CBD and is located less than 1 mile from Pyramid Place Shopping Center, another Ziff Properties asset. The largest tenant on site in Commerce Park Place is National Dentex Labs, a national network of dental laboratories specializing in dental restorations, who occupies an entire 21,000 sf building. The property offers space ranging from 233 sf to 20,718 sf

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, "we are delighted to expand our Indianapolis portfolio. The market offers great conditions for investment, such as reasonable cost of living and high job growth."

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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November 12, 2018

ziff properties acquires lexington property for storage conversion - Lexington, KY

Ziff Properties, Inc. today announced the acquisition of the former Golden Burley Tobacco Warehouse and Building Materials Warehouse located on Angliana Avenue in Lexington, Kentucky. Fred Pfister of Silvestri Craig Realtors facilitated the transaction. The 3.50 acre parcel of land will be redeveloped into a Class A selfstorage facility with 103,500-square-feet of climate and non-climate controlled units.

CubeSmart Self Storage will manage the asset, which is located in downtown Lexington, 1.24 miles from the heart of University of Kentucky’s campus.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “With the nearby residential growth, we believe this storage facility will be well received and we look forward to fulfilling the storage needs of the Lexington community.”


For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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July 13, 2018

Ziff properties acquires promenade at jones bridge - Alpharetta, GA

Ziff Properties, Inc. today announced the acquisition of Promenade at Jones Bridge, a 38,312-square-foot retail center located in Alpharetta, GA (Atlanta MSA). The property was purchased for $4.825 million. Jack Haden with NAI facilitated the transaction.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “We look forward to the value-add opportunities that come along with this acquisition. Under ZPI’s management and a new leasing strategy, we are confident this center will thrive.”


For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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July 11, 2018

Ziff properties brings dated retail center ahead of the curve - Little Rock, AR

Bowman Curve retail shopping center was acquired by Ziff Properties, Inc. in June of 2017. ZPI immediately commenced renovations and repairs to bring the 81,271-square-foot retail center back to its former glory. Improvements include a modern paint design on the facade, new awnings, signage, exterior lighting, parking lot lighting LED conversion, murals, and the addition of bike racks.

ZPI acquired the center when it was 65% occupied. One year after the improvements and a new leasing strategy, Bowman Curve is currently 82.5% occupied.

Director of Leasing and Property Management, Kevin Beringer says, “We had no doubt this property had great potential and with a lot of attention, ZPI could bring it back to being a well known destination in the neighborhood. The community response to our improvements has been great and we are thrilled to see this shopping center come to life.”


For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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May 31, 2018

Ziff properties sells lexington towne centre - Lexington, SC

Ziff Properties, Inc. today announced the disposition of Lexington Towne Centre, a 131,809-square-foot retail center located in Lexington (Columbia), SC. The property sold for $12.575 million to a private buyer out of New York. Berkeley Capital and The Palomar Group represented Ziff Properties in the transaction.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “While we are extremely pleased with the sale of this asset, it places further importance on the need for acquisitions in the arenas of self-storage, small-bay warehouse, and retail. We will protect any brokers or finders who submit assets to us for acquisition.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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May 29, 2018

Ziff properties acquires starpoint storage - Chapel Hill, NC

Ziff Properties, Inc. today announced the acquisition of Starpoint Storage, a multi-use storage and warehousing facility located in Chapel Hill, NC. The existing 83,000-square-foot complex is comprised of 8 single and multi-level buildings. Ziff plans to convert all non-storage buildings to climate and non-climate controlled self-storage. Ziff Properties will also build a small office building on a prominent outparcel that was included in the sale. ExtraSpace Storage will manage the renovated self-storage asset. Richard Amon of Colliers International facilitated the transaction.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “This acquisition presents a unique redevelopment opportunity for Ziff. We recognize the area’s demand for quality storage and the market’s barriers to entry. We look forward to providing a new and improved facility for the Chapel Hill community.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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April 20, 2018

Ziff Properties Acquires Garlington Park - Greenville, SC

Ziff Properties, Inc. today announced the acquisition of Garlington Park, a multi-tenant business park located in Greenville, SC. The 119,734-square-foot complex is comprised of 4 buildings with office, flex and warehouse space. The property was purchased for $5.225 million from Land Development, Inc. The Whitmire Company and SVN BlackStream facilitated the transaction.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “We are excited to expand our upstate South Carolina footprint with this unique asset. Garlington Park’s flex and office nature make this property an ideal investment for Ziff Properties. It creates further opportunity to diversify our revenue stream derived mostly from retail and self storage properties.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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April 13, 2018

Ziff Properties Acquires Knoxville Property For Storage Conversion - Knoxville, TN

Ziff Properties, Inc. today announced the acquisition of the former US Golf & Tennis Center located in Farragut, TN (Knoxville MSA). The 6.02 acre parcel of land will be redeveloped into a Class A self-storage facility with 65,000-square-feet of climate and non-climate controlled units. ExtraSpace Storage will manage the self-storage asset, which is close to the Turkey Creek development and has Interstate 40 access and visibility.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “With the nearby residential growth, we believe this storage facility will be well received and look forward to fulfilling the storage needs of the Farragut community.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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February 13, 2018

Construction Begins On Hotel Phase Of Biltmore Station - Asheville, NC

Ziff Properties, Inc. today announced the beginning of the hotel phase of their Biltmore Station located in Asheville, NC. The 85,401-square-foot mixed-use property is comprised of retail and office space, and soon a Home2 Suites by Hilton will join the mix.

Baywood Hotels, a Maryland-based hospitality management company has begun construction on the 120-room, 4-story hotel that is expected to be complete during the first quarter of 2019. Baywood acquired the hotel’s development parcel from Biltmore Station’s ownership group in 2017. The parcel is located between Biltmore Station’s mixed-use and office phases.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “Biltmore Station is a unique property and the addition of this hotel will complement the property’s dynamic nature, adding foot traffic and liveliness.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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November 17, 2017

Ziff Properties Acquires Mixed-use Center - Asheville, NC

Ziff Properties, Inc. today announced the acquisition of the 85,401-square-foot Biltmore Station located in Asheville, NC. The mixed-use property was purchased for an undisclosed price. Alex Quarrier of Berkeley Capital Advisors represented the seller in the transaction.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “We are very excited to enter a new and thriving city such as Asheville. The property’s submarket is dynamic and poised for long-term viability.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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November 8, 2017

Ziff Properties Sells Kalmia Plaza - Aiken, SC

Ziff Properties, Inc. today announced the disposition of the 215,262-square-foot Kalmia Plaza Shopping Center located in Aiken, SC. The property was sold for $7.1 million to a private buyer from Florida. The Palomar Group facilitated the transaction as seller’s listing agent.

Ziff Properties originally acquired the shopping center from Edens in 2004, and spent 13 years filling vacancies, developing outparcels and other value-add activities.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “The successful sale of Kalmia Plaza marks the sixth disposition this year for Ziff Properties; all of which had been long-term holds for the company. We plan to recycle the proceeds into neighborhood shopping centers, self storage assets, and business parks.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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October 12, 2017

Ziff Properties Acquires Taylors Storage - Taylors, SC

Ziff Properties, Inc. today announced the acquisition of Taylors Storage located in Taylors, SC (Greenville MSA). The property is 43,000-square-feet on 12 acres. The facility and the business were purchased for a combined $3.5 million.

Ziff plans to renovate and expand the facility, which currently contains only climate controlled units, by adding 25,250-square-feet consisting of 265 non-climate controlled units.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “Taylors Storage is an exciting addition to our rapidly expanding storage portfolio. The nearby established neighborhoods, industrial growth and storage demand made this acquisition an attractive investment.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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July 20, 2017

Ziff Properties Acquires Neighborhood Center - Marietta, GA

Ziff Properties, Inc. today announced the acquisition of the 56,640-square-foot Burnt Hickory Village retail center located in Marietta, GA (Atlanta MSA). The property was purchased for $8.65 million. Robby Pfeiffer of Marcus & Millichap facilitated the transaction.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “This investment is squarely within our acquisition criteria; it has a strong neighborhood location and good demographics.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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July 19, 2017

Ziff Properties Sells Roosevelt Gardens - Norfolk, VA

Ziff Properties, Inc. today announced the disposition of Roosevelt Gardens Shopping Center located in Norfolk, VA. The retail property sold for $10.2 million to Coastal Equities Real Estate, LLC located in Florida. A team of brokers from CBRE’s Charlotte, Charlottesville and D.C. offices represented Ziff Properties in the transaction.

Ziff Properties will redeploy the proceeds through a currently unidentified 1031 exchange.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “After nearly 2 decades of ownership and accretive improvements to the center, the sale of Roosevelt Gardens was well-timed in relation to the company’s goals.”

For Further Information:
Amy Jones
843-724-3500
ajones@zpi.net

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June 23, 2017

Ziff Properties Acquires Neighborhood Center - 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.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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June 5, 2017

Ziff Properties Sells Manger Garage - Savannah, GA

Ziff Properties, Inc. today announced the disposition of the Manger Parking Garage located in Savannah, GA. The property sold for approximately $20 million to a private buyer from Savannah. Todd Casper and Michael Hassler of CB Richard Ellis’ Houston office represented Ziff Properties in the transaction.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “With over 20 years of ownership, the Manger Garage was a long-time source of growth and stability within the company’s portfolio. Its sale was well-timed and strategic.”

Ziff Properties retained the historic Manger Office Building and secured parking in the Manger Garage for its current and future tenants. Parking is a rare commodity in downtown Savannah.

For Further Information:
Amy Jones
843-724-3500
ajones@zpi.net

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December 13, 2016

Ziff Properties Acquires Self-storage Facility - Simpsonville, SC

Ziff Properties, Inc. today announced the acquisition of Absolute Storage, a 45,530-square-foot self-storage facility located in Simpsonville, SC (Greenville MSA). The property was purchased for $4.450 million. Ziff Properties plans to add an additional 23,175-square-feet consisting of 314 new storage units. The finished product will be a 68,705-square-foot Class A climate and non-climate controlled storage facility with 627 total units.

Ziff Properties’ Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “This transaction marks our sixth self-storage acquisition in South Carolina’s upstate. We are excited to set our expansion plans into motion and provide Simpsonville with another Class A storage option.”

For Further Information:
Amy Jones
843-724-3500
ajones@zpi.net

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December 6, 2016

Ziff Properties Plans Self Storage Conversion - Greenville, SC

Ziff Properties, Inc. today announced the acquisition of Buncombe Plaza, a 52,000-square-foot shopping center located in Greenville, South Carolina’s water tower district near downtown. The mostly vacant property will be redeveloped in spring of 2017. The finished product will be a Class A climate and non-climate controlled self-storage facility of 67,500-square-feet with 777 units. The property will also provide storage space for RV and boat parking.

Chief Operating Officer & Director of Acquisitions, Christian Chamblee says, “There is a high demand for quality storage space in the Greenville area which made this property attractive for investment. We are very excited to be a part in fulfilling those storage needs for the rapidly growing community.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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September 27, 2016

Ziff Properties Closes Multiple-property Transaction - Mt. Pleasant, SC

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.”

For Further Information:
Amy Jones
843-724-3500
ajones@zpi.net

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August 24, 2016

Ziff Properties Acquires Self-storage Facility - Anderson, SC

Ziff Properties, Inc. today announced the acquisition of Beltline Self Storage, a 51,285-square-foot self-storage facility in Anderson, SC. The property was purchased for $4.56 million and included the assumption of CMBS debt. Ziff Properties plans to add an additional 30,321-square-feet to the facility consisting of climate and non-climate controlled units, a new management office as well as a managers residential unit. 

Neal Gussis of Waveland Commercial and Jamey Cox of SVN Percival Partners represented the seller. This acquisition marks Ziff Properties’ second in upstate South Carolina in the last 45 days, which includes nearby Clemson Central Storage. 

Ziff Properties’ Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “We are excited to expand our storage footprint in the upstate area. Our expansion plans and improvements to the property will provide a Class A storage facility for the Anderson community.” 

For Further Information:
Amy Jones
843-724-3500
ajones@zpi.net

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August 18, 2016

Ziff Properties Plans Self Storage Conversion - Fredericksburg, VA

After the recent conclusion of the entitlement process in Spotsylvania County, a venture between Ziff Properties, Inc. and Reliant Real Estate Management is set to acquire and redevelop a 48,000-square-foot commercial building in Fredericksburg, VA, which shares a property line with a newly developed Lidl grocery store.

The finished product will be a Class A climate and non-climate controlled self-storage facility of 118,000-square-feet with 1,072 units. The property will also provide storage space for RV and boat parking.

Ziff Properties also closed this week on the acquisition of another property in Fredericksburg, The Shops at Salem Fields.

Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “We are pleased that we were able to work with a great team of individuals in the Fredericksburg market to fill the area’s demand for high quality storage space.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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August 16, 2016

Ziff Properties Sells Hardee's Outparcel - Spartanburg, SC

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.”

For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net

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July 1, 2016

Ziff Properties Moves Forward With Self-storage Conversion - Chattanooga, TN

Ziff Properties, Inc. today announced the official closing of Mountain Creek Village Shopping Center in Chattanooga, TN. This project is a venture between Ziff Properties, Inc. and Reliant Self Storage, which will involve redeveloping the former Food Lion-anchored retail center into a self-storage facility. The finished product will be a Class A climate and non-climate controlled self-storage facility of 81,728-square feet with 718 units. The property will also provide outdoor storage for boats and RV’s as well as a two-story office and on-site managers unit.

This acquisition marks Ziff Properties’ third in Chattanooga in 18 months, which includes nearby Signal Mountain Shopping Center, where Food City is the anchor. Tom Cofer of Rivercity Realty represented the seller. Rudy Walldorf of Herman Walldorf Commercial, Inc. represented the buyer.

Ziff Properties’ Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “We see heavy potential for this property and look forward to seeing our extensive redevelopment plans come to life. We are excited to provide a first-class storage facility for the Chattanooga community.”

For Further Information:
Amy Jones
843-724-3500
ajones@zpi.net