Ziff Properties, Inc. ("ZPI") of Mount Pleasant, SC, has purchased from Columbia, SC based Edens, two retail shopping centers called Lexington Towne Centre I and Lexington Towne Centre II, both located in Lexington, SC. The properties were purchased in a joint venture with another South Carolina owner/operator for an undisclosed amount. Built in 1985, Lexington Town Centre I was redeveloped in 2000, while Lexington Towne Centre II was built in 2003. Combined the retail centers total +/- 131,809 square feet. Leading retailers Stein Mart, Food Lion, Books-A-Million, Hibbett Sports, and Tuesday Morning anchor the property and are joined by other well-known specialty tenants such as Urban Nirvana, Moe’s Southwest, and Jimmy John’s. Julian Wilson of Newmark Grubb Wilson Kibler represented the seller, and ZPI was represented by Steve Collins of Blanchard & Calhoun Commercial. The properties are 100% occupied and located at Lexington’s premiere intersection of N. Lake Drive and Sunset Boulevard.
Within the past 24 months Ziff Properties has purchased more than $50 million dollars in commercial real estate totaling over 900,000 square feet. ZPI continues to aggressively seek multi-tenant commercial investment property, focusing primarily on the retail sector, in and around the Southeastern United States. Please submit any prospective properties to Christian Chamblee at cchamblee@zpi.net.
For information on leasing space at Lexington Towne Centre, please contact Temma Weissman at (843) 469-6820 or via email at tweissman@zpi.net. Pictures and information on Lexington Towne Centre can be viewed under Properties at www.zpi.net.
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Ziff Properties, Inc. (ZPI) has led the way in commercial real estate for more than two decades, specializing in the development, acquisition and management of commercial properties in the southeastern United States. Based in Charleston, South Carolina, ZPI’s 35-property portfolio consists of shopping centers, office buildings, flex centers, light industrial properties, and self-storage facilities located throughout South Carolina, North Carolina, Georgia, Tennessee, Florida, Virginia, and Illinois. Founded by Stephen Ziff in 1992 along with CEO Tim Walter, the company has grown dramatically having purchased more than 3.8 million square feet of commercial property and maintaining itself as a force in the commercial real estate arena. Consisting of close to 400 tenants, the ZPI portfolio contains national tenants such as Food Lion, Staples, Starbucks and Hibbett Sports, as well as locally owned and operated businesses. ZPI works to add value and achieve excellence in each of its real estate endeavors, delivering superior returns to investors in a smart, ethical manner. For more information, please visit www.zpi.net or email info@zpi.net