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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:

Jordanna Arbogast

843.724.3417

jarbogast@zpi.net

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