News
ZRP Acquires Two New Self-Storage Facilities
Ziff Real Estate Partners Acquires Carolina Crossing in Indian Land, SC
Sola Salons Opens New Location in Crosspointe Plaza
Planet Fitness Opens New Location in Stony Point Village
2022 Year in Review & 2023 Oulook
ZRP Acquires Self-Storage Facility in Oak Ridge, TN
ZRP Acquires Storage Redevelopment Property in Jacksonville, FL
Costar Features New Planet Fitness Lease at Stony Point Village
Ziff Real Estate Partners Purchases 6 Assets for Storage Opportunity Fund
2022 Mid-Year Letter
Ziff Real Estate Partners Acquires 124,375 SF Shopping Center in Greenville, SC
Ziff Real Estate Partners Teams Up with Norvell Real Estate Group
Ziff Real Estate Partners Acquires 57,690 SF Shopping Center in Charleston
A Transformational Year
ZRP Acquires Land For New Self-Storage Facility in Deltona, Florida
ZRP Storage Opportunity Fund Closes on $50mm Equity Raise
Ziff Real Estate Partners Opens Florida Office
Ziff Real Estate Partners Acquires Sure Safe Self Storage
Ziff Real Estate Partners Acquires Shadow Center in Fishers, IN
Ziff Real Estate Partners Sells A 13 Property Self-Storage Portfolio
Ziff Real Estate Partners Sells Pyramid Place Shopping Center
Ziff Real Estate Partners Acquires Flex Industrial Property, Directors Row
Ziff Real Estate Partners Acquires Neighborhood Retail Center, Galleria Commons
Ziff Real Estate Partners Announces Disposition of Bridgeport II & Chicago Heights
ZRP Announces Disposition of Bridgeport II & ExtraSpace Storage Facility
Benefit From Our Broker Bonus Program!
Ziff Real Estate Partners Announces Disposition of Decker Village
Ziff Real Estate Partners Announces Acquisition of Jackson's Courtyard
Trader joe's opens new location in stony point village
Ziff properties brings trader joes to stony point village
Ziff properties expands to Texas!
Ziff properties sells villa rica crossing
Ziff properties sells the shops at salem fields
Ziff properties acquires turnberry place
Ziff properties sells terraces at university place
Ziff properties acquires stony point shopping center
Ziff properties acquires commerce park place
ziff properties acquires lexington property for storage conversion - Lexington, KY
Ziff properties acquires promenade at jones bridge - Alpharetta, GA
Ziff properties brings dated retail center ahead of the curve - Little Rock, AR
Ziff properties sells lexington towne centre - Lexington, SC
Ziff properties acquires starpoint storage - Chapel Hill, NC
Ziff Properties Acquires Garlington Park - Greenville, SC
Ziff Properties Acquires Knoxville Property For Storage Conversion - Knoxville, TN
Construction Begins On Hotel Phase Of Biltmore Station - Asheville, NC
Ziff Properties Acquires Mixed-use Center - Asheville, NC
Ziff Properties Sells Kalmia Plaza - Aiken, SC
Ziff Properties Acquires Taylors Storage - Taylors, SC
Ziff Properties Acquires Neighborhood Center - Marietta, GA
Ziff Properties Sells Roosevelt Gardens - Norfolk, VA
Ziff Properties Acquires Neighborhood Center - Little Rock, AR
Ziff Properties Sells Manger Garage - Savannah, GA
Ziff Properties Acquires Self-storage Facility - Simpsonville, SC
Ziff Properties Plans Self Storage Conversion - Greenville, SC
Ziff Properties Closes Multiple-property Transaction - Mt. Pleasant, SC
Ziff Properties Acquires Self-storage Facility - Anderson, SC
Ziff Properties Plans Self Storage Conversion - Fredericksburg, VA
Ziff Properties Sells Hardee's Outparcel - Spartanburg, SC
Ziff Properties Moves Forward With Self-storage Conversion - Chattanooga, TN
July 31, 2023
ZRP Acquires Two New Self-Storage Facilities
MT. PLEASANT, SC – Ziff Real Estate Partners (“ZRP”) has acquired two self-storage properties, one in Summerfield, FL and one in Anderson, SC. The property in Summerfield is a ground up development tract located adjacent to the Villages residential community. At construction completion the facility will span 77,625 sf, including 51,825 sf of climate controlled and 25,800 sf of non-climate-controlled storage.
ZRP acquired an operating self-storage facility in Anderson, SC, which is a part of the Greenville-Anderson-Mauldin MSA. The facility is comprised of 44,875 sf of climate-controlled storage and 63 boat/RV parking spaces. This is the second self-storage facility owned by ZRP in Anderson, with the other located at 205 East West Parkway. ZRP has partnered with StoreEase to manage these self-storage facilities.
Founded in 1991, ZRP has acquired or developed over 8.1 million square feet of commercial real estate and has completed more than 150 acquisitions and dispositions totaling over $1 billion.
For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net
April 18, 2023
Ziff Real Estate Partners Acquires Carolina Crossing in Indian Land, SC
CHARLESTON, SC – Ziff Real Estate Partners (“ZRP”) has acquired Carolina Crossing, a 16,450 sf neighborhood shopping center in Indian Land, SC. The shopping center is located at a prominent intersection along US Highway 521 in the Charlotte, NC MSA.
The area surrounding Carolina Crossing has experienced significant residential growth over the last decade and offers highly regarded schools. ZRP plans to make significant capital improvements to this fully occupied retail center.
Founded in 1991, ZRP has acquired over 7 million square feet of commercial real estate assets and has completed over 150 acquisitions and dispositions as principals and investment managers. ZRP transaction volume totals over 1 billion dollars, with a majority of such concentrated on the retail, self-storage, and light industrial sectors.
For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net
March 1, 2023
Sola Salons Opens New Location in Crosspointe Plaza
GREENVILLE, SC – Ziff Real Estate Partners (“ZRP”) announces the opening of a new Sola Salons in a 6,748 square foot space at Crosspointe Plaza in Greenville, SC. This location will open the beginning of March 2023, and will be the second Sola Salons location in the Greenville metro area. The Crosspointe Plaza location will feature fully furnished, move-in ready salon studios that offer 24/7 access for private 1-on-1 service with independent beauty professionals.
Crosspointe Plaza, is a 124,375 square foot shopping center, located at the intersection of Haywood Road and Woods Crossing Road, across from Haywood Mall. The shopping center is located in an extremely desirable trade area with excellent demographics and a dense population. Sola Salons joins national tenants TJ Maxx, DSW, JoAnn, Chipotle and Jason’s Deli.
Founded in 1991, ZRP has acquired or developed over 7.9 million square feet of commercial real estate and has completed more than 150 acquisitions and dispositions totaling over $1 billion.
For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net
February 28, 2023
Planet Fitness Opens New Location in Stony Point Village
RICHMOND, VA – Ziff Real Estate Partners (“ZRP”) announces the opening of a new Planet Fitness in a 17,476 square foot space next to Trader Joe’s at Stony Point Village. This location opened on February 22, 2023, and will be the fifth Planet Fitness location in the Richmond metro area. The Stony Point location will feature state of the art cardio machines and strength equipment, a 30-Minute Express Circuit, rowing machines, fully equipped locker rooms with day lockers and showers, HydroMassage loungers, massage chairs, and tanning booths. A grand opening celebration is scheduled for March 30th from 5:00PM-6:30PM. This event is open to the public and includes food, games, entertainment, giveaways, and discounted merchandise.
Stony Point Village, is a 112,238 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 in the Richmond area. Planet Fitness will join current tenants Trader Joe’s, Good Food Grocery, Southbound, Hot Yoga Richmond and Music Tree.
Founded in 1991, ZRP has acquired or developed over 7.9 million square feet of commercial real estate and has completed more than 150 acquisitions and dispositions totaling over $1 Billion.
For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net
February 9, 2023
2022 Year in Review & 2023 Oulook
In this brief letter, we will provide an update on our operating performance and investment activities in 2022 and discuss where we see risk and opportunity in 2023.
If you are an active investor with ZRP, please note, updates for individual properties and our ZRP Storage Opportunity Fund will be distributed in the next few weeks; K-1s will be distributed in March.
2022 Real Estate Market Overview
From a macro perspective, the past year was dominated by inflation, higher interest rates and concerns about a potential recession, all of which contributed to lower prices for equities and fixed income instruments.
How did commercial real estate perform in this environment? The performance of a commercial real estate investment is driven by the change in the net operating income (“NOI”) of the property, and the cap rate (multiple of NOI) at which it is valued. In 2021, it was the best of both worlds; NOI was growing thanks to rising occupancy and rents, and cap rates were coming down.
View the 2022 Year in Review & 2023 Outlook.
January 12, 2023
ZRP Acquires Self-Storage Facility in Oak Ridge, TN
OAK RIDGE, TN – Ziff Real Estate Partners (“ZRP”) has acquired a 13,050 sf self-storage facility on 4.55 acres of land at 104 Melton Lake Drive in Oak Ridge, TN. The existing self-storage facility has 111 non-climate-controlled units and approximately 45 parking spaces. Upon expansion, the facility will have 37,850 sf of self-storage encompassing an additional 256 climate-controlled units with 35 additional parking spaces. The expansion is expected to begin the first quarter of this year and will take 15 months to complete. This will be the second self-storage facility in Tennessee that StoreEase will manage for ZRP.
Founded in 1991, ZRP has acquired or developed over 7.9 million square feet of commercial real estate and has completed more than 150 acquisitions and dispositions totaling over $990,000,000.
For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net
January 5, 2023
ZRP Acquires Storage Redevelopment Property in Jacksonville, FL
JACKSONVILLE, FL – Ziff Real Estate Partners (“ZRP”) has acquired a 2,450 sf commercial building on approximately 5 acres of land at 8483 New Kings Road in Jacksonville, FL. The existing structure on the property will be demolished and construction is expected to begin in April 2023 on a new 75,000 sf self-storage facility.
The new self-storage facility will have 560 climate-controlled units, 20 parking spaces and will be managed by StoreEase.
The property is strategically located a half mile south of I-295, providing neighborhood and regional access. ZRP continues to purchase compelling self-storage assets for the ZRP Storage Opportunity Fund launched in 2021.
Founded in 1991, ZRP has acquired or developed over 7.9 million square feet of commercial real estate and has completed more than 150 acquisitions and dispositions totaling over $990,000,000.
For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net
December 1, 2022
Costar Features New Planet Fitness Lease at Stony Point Village
Costar announced the Top Retail Leases for Richmond, VA as pat of their Power Broker Quarterly Deals. ZRP is excite that Stony Point Village shopping cener was featured highlighting a new lease with Planet Fitness. The ZRP leasing team along with James Ashby of Cushman & Wakefield | Thalhimer represented the landlord. Planet Fitness will occupy 17,476 sf next to Trader Joe's and has plans to open the first quarter of 2023.
October 26, 2022
Ziff Real Estate Partners Purchases 6 Assets for Storage Opportunity Fund
MOUNT PLEASANT, SC – Ziff Real Estate Partners (ZRP) continues to purchase compelling self-storage opportunities for the ZRP Storage Opportunity Fund (“The Fund”) launched in 2021. ZRP has recorded the following six recent closings for The Fund:
Operating Facilities Acquired
1. Morristown Self Storage @ 126 New Line Road, Morristown TN 37814
2. J&S Self Storage @ 9519 Bandley Dr., Fountain, CO 80817
3. Mocks Hwy 20 Self Storage @ 4298 Canton Highway, Cumming, GA 30040
4. Atlas Business Center @ 2445 Hilton Drive, Gainesville, GA 30501
Buildings Acquired for Adaptive Reuse
5. (Future) StoreEase Roanoke @ 2743 Franklin Rd SW, Roanoke, VA 24014
6. (Future) StoreEase Waldorf @ 2695 Old Washington Rd, Waldorf, MD 20601
At completion, these six assets will total 340,000 NRSF and contain a total of 2,750 climate and non-climate controlled units, including boat and RV rental spaces.
Founded in 1991, ZRP has invested in over 7,800,000 square feet of commercial real estate and has completed over 175 acquisitions and dispositions totaling more than $913,000,000 in transaction volume.
For Further Information:
Christian Chamblee
843.670.2080
cchamblee@ziffcre.com
June 28, 2022
2022 Mid-Year Letter
With the year-end valuation of our existing investments complete, we can report that the consolidated IRR for all owned properties was 27.8% in 2021. Last year presented ideal conditions for commercial real estate investing including high occupancy, growing rents, and declining cap rates.
While every year will not be this strong, our disciplined, value-add strategy utilizing in-house property management has allowed us to compound capital at attractive rates of return throughout the numerous economic and real estate cycles we have experienced over the past 31 years.
View the Mid-Year Letter Here.
June 3, 2022
Ziff Real Estate Partners Acquires 124,375 SF Shopping Center in Greenville, SC
CHARLESTON, SC – Ziff Real Estate Partners has acquired Crosspointe Plaza, a 124,375 sf community shopping center in Greenville, SC. The center is located in one of Greenville’s most prominent retail corridors and is next to Haywood Mall, the top performing mall in the state.
Crosspointe Plaza boasts highly successful national and regional tenants, including TJ Maxx, DSW, JoAnn and Play It Again Sports with Chipotle and Jason’s Deli on their own outparcels. The center was significantly redeveloped over the last decade by its prior owner and provides a desirable mix of restaurant, service, and retail tenants to serve the trade area.
Equity for the acquisition was provided by Ziff Properties trusts and capital syndicated by Ziff Real Estate Partners.
Founded in 1991, ZRP has owned over 7,809,000 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 $896,000,000.
For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net
March 24, 2022
Ziff Real Estate Partners Teams Up with Norvell Real Estate Group
CHARLESTON, SC – Ziff Real Estate Partners (“ZRP”) has teamed up with Norvell Real Estate Group (“Norvell Group”), a firm with more than 30 years of experience transacting in and leasing industrial commercial real estate, to form ZRP Industrial and grow the industrial side of their business. Drayton Calmes and Frank Norvell, partners at Norvell Group, will lead a focused acquisition effort as representatives and members of the ZRP Industrial team. Drayton and Frank will be supported by long-time members of the ZRP acquisitions team.
ZRP Industrial, the newly formed division of Ziff Real Estate Partners, focuses on investments in existing, value-add industrial real estate as well as new development opportunities. ZRP Industrial acts solely as a principal investor.
Ziff Real Estate Partners has completed nearly $1 billion in transaction volume over their 30+ year track record of investing in flex industrial, self-storage and neighborhood retail properties. ZRP’s current industrial portfolio is comprised of approximately 500,000 SF of flex industrial properties.
For Further Information:
Drayton Calmes
843.579.0053
draytonc@zrpindustrial.com
March 2, 2022
Ziff Real Estate Partners Acquires 57,690 SF Shopping Center in Charleston
Ziff Real Estate Partners has acquired Ashley Oaks Shopping Center in the West Ashley area of Charleston, SC. West Ashley is home to half of the city of Charleston’s population and is currently going through a dramatic revitalization.
The 57,690 sf Ashley Oaks Shopping Center is co-anchored by True Value Hardware and O2 Fitness. The center was extensively renovated by its prior owner and in addition to its anchor tenants, boasts a desirable mix of restaurant and service tenants.
During its 31-year operating history, Ziff has owned retail, self-storage and business centers in Berkeley, Charleston, and Dorchester Counties. Notable holdings have included the Cigar Factory on the Peninsula, Bridgeport Center in Mt. Pleasant, and Crossroads Shopping Center at the corner of Highway 61 and Sam Rittenberg.
Since 1991, Ziff has been investing in retail properties and plans to partner with local leasing agents who have a proven track record for similar assets and will utilize its in-house property management team to maximize the success of this new acquisition.
For Further Information:
Amy Jones
843.724.3500
ajones@zpi.net
February 2, 2022
A Transformational Year
A Transformational Year
2021 was a year of both continuity and change for Ziff. We continued to successfully execute the disciplined, value-add investment strategy that has compounded partners capital at over 20% annually for 30 years, and we successfully expanded Ziff Real Estate Partners, a new vehicle that allows us for the first time to partner with investors outside our legacy family office structure. We completed five acquisitions, welcomed 150 new LPs and raised over $60mm in committed equity capital for single-asset transactions and our Storage Opportunity Fund.
The Ziff team executed exceptionally well across our self-storage, neighborhood retail and flex industrial portfolios, producing substantial gains in NOI and property value. We also transacted on over $175mm of investments and realized gains that generated, on average, IRRs of over 18% and MOICs of 2.5x.
View the full Annual Letter here.
December 1, 2021
ZRP Acquires Land For New Self-Storage Facility in Deltona, Florida
MOUNT PLEASANT, SC – Ziff Real Estate Partners ("ZRP") has acquired 6.06 acres of land along Doyle Road in Deltona, FL (Orlando-Lakeland-Deltona combined statistical area) in an all-cash transaction. ZRP will build a 584-unit climate and non-climate controlled self-storage facility across seven single-story buildings on the land.
This closing represents ZRP’s second self-storage purchase 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. This also marks the second acquisition allocated to ZRP’s recently established Storage Opportunity Fund, with a third near Atlanta closing in early December.
Founded in 1991, ZRP has invested in 7,300,000+ square feet of commercial real estate and has completed more than 150 acquisitions and dispositions totaling over $800,000,000.
For further information regarding Ziff Real Estate Partners, please contact:
Amy Jones
843.805.6787
ajones@zpi.net
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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