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ZIFF PROPERTIES ACQUIRES LEXINGTON PROPERTY FOR STORAGE CONVERSION - LEXINGTON, KY

Ziff Properties, Inc. today announced the acquisition of the former

Golden Burley Tobacco Warehouse and Building Materials Warehouse located on

Angliana Avenue in Lexington, Kentucky. Fred Pfister of Silvestri Craig Realtors facilitated

the transaction. The 3.50 acre parcel of land will be redeveloped into a Class A selfstorage

facility with 103,500-square-feet of climate and non-climate controlled units.

CubeSmart Self Storage will manage the asset, which is located in downtown

Lexington, 1.24 miles from the heart of University of Kentucky’s campus.


Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “With the

nearby residential growth, we believe this storage facility will be well received and we

look forward to fulfilling the storage needs of the Lexington community.”

For Further Information:

Holly Morris

843.724.3417

hmorris@zpi.net

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