Earlier this month, representatives of Mount Pleasant, South Carolina-based Ziff Properties, Inc. announced the acquisition of The Shops of Collierville, Tennessee.
The Shops is a 60,000-square-foot retail center located in the Collierville area (near Memphis). The property carried $7.425 million price tag; national and regional business tenants in the center include Starbucks, Medpost Urgent Care, Back Yard Burgers, Pizza Hut, Baskin Robbins and The UPS Store.
Sheldon Griffin of Baker Storey McDonald Properties represented Ziff Properties in the transaction.
“We are excited to expand our ever-growing portfolio into Collierville," Ziff Properties Director of Acquisitions and Chief Operating Officer Christian Chamblee said. "The neighborhoods and commerce of the Collierville market are attractive for investment.”
Ziff Properties specializes in the development, acquisition and management of commercial properties in the Southeastern United States.