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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:

Jordanna Arbogast

843.724.3417

jarbogast@zpi.net

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