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ZIFF PROPERTIES SELLS VILLA RICA CROSSING

VILLA RICA, GA – Ziff Properties, Inc. today announced the disposition of Villa Rica Crossing, a 57,584-square-foot neighborhood shopping center. The property sold off-market for $2,875,000 to Provest Properties. Tony D’Ambrosio and Joe Montgomery with Colliers represented Ziff Properties in the transaction. The center was 97.92% occupied as of the time of sale, with a great mix of national and local tenants.

Ziff Properties’ Director of Acquisitions and Chief Operating Officer, Christian Chamblee says, “We are happy to complete this off-market sale and execute on our original underwriting strategy.”

For Further Information:

Holly Morris

843.724.3417

hmorris@zpi.net

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