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ZIFF PROPERTIES ACQUIRES FOOD CITY SHOPPING CENTER - Maryville, TN

Ziff Properties, Inc. today announced the acquisition of Food City Shopping Center, a 56,489-square-foot Food City-anchored retail center, located in Maryville, TN (Knoxville MSA). The one hundred percent occupied property was purchased for $3.9 million from a private owner from Nashville, TN. Mark Taylor and Dean Zang of Marcus & Millichap represented the seller.

Chief Operating Officer & Director of Acquisitions, Christian Chamblee says, “This is an exciting addition to our retail portfolio as it marks our third Food City-anchored shopping center. We look forward to strengthening our relationship with Food City and the center’s other local and national tenants.”

For Further Information:

Jordanna Arbogast

843.724.3417

jarbogast@zpi.net

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