FREDERICKSBURG, VA – Ziff Properties, Inc. today announced the disposition of The Shops at Salem Fields, a 44,900-square-foot shopping center, located in Fredericksburg, VA between Washington, D.C. and Richmond, VA. The property sold for $4,400,000 to Cyprians Realty Corporation. Alex Quarrier and Will Walton of Berkeley Capital Advisors represented Ziff Properties in the transaction. The center was 100% occupied as of the time of sale, with a nice mix of tenants servicing the prosperous, suburban area.
Ziff Properties’ Director of Acquisitions and Chief Operating Officer, Christian Chamblee says, “This was a strategic sale towards our goal of changing the complexion of our retail portfolio.”
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