Earlier this week, Mount Pleasant's Ziff Properties Inc. announced the disposition of the Medical Phase I of Normandy Village.
Phase I is a 23,808-square-foot portion of Normandy Village. It sold for $1.78 million to a Florida-based private investor.
Ziff Properties was represented in the transaction by Chad Atwood and Jonathan Gerszberg of Marcus & Millichap.
“As we continue to strengthen our portfolio, the successful sale of this medical phase will allow us to expand into neighborhood communities where we believe we can add significant value,” Christian Chamblee, director of acquisitions and chief operating officer for Ziff, said.
Ziff Properties Inc. focuses on the development, acquisition and management of commercial properties located in the southeastern U.S. The company boasts a portfolio of 41 properties including shopping centers, office buildings, light industrial properties, self-storage facilities and flex centers. It was founded in 1992 by Steven Ziff and chief executive officer Tim Walter.
Ziff's tenants include Food Lion, Staples, Starbucks and Hibbett Sports.
For more information, refer to www.zpi.net.