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ZIFF PROPERTIES ACQUIRES TURNBERRY PLACE

CORNELIUS, NC – Ziff Properties, Inc. today announced the acquisition of Turnberry Place, a +/- 20,000-square-foot shopping center in Cornelius, NC, located just minutes from Lake Norman. The property was purchased for $3,500,000 from Turnberry Equities, LLC. Turnberry Place is a half-mile from Interstate 77 and approximately 20 miles north of the Charlotte CBD. Major tenants include Luna’s, Matt’s Chicago Dogs, and Skills Martial Arts. New national retailers are expected to open across the full-service intersection from Turnberry Place.

Ziff Properties’ Director of Acquisitions and Chief Operating Officer, Christian Chamblee says, “Turnberry Place is a perfect fit for our portfolio and our team of leasing and management experts. We recently sold an asset in the Charlotte MSA and are happy to acquire another.”

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