ZIFF PROPERTIES ACQUIRES TWO SOUTH CAROLINA SHOPPING CENTERS

SPARTANBURG AND GREENWOOD, S.C. — Charleston, S.C.-based Ziff Properties has acquired two shopping centers totaling more than 220,000 square feet. Mike Burkard and Steve Shields of CB Richard Ellis represented an undisclosed seller in Ziff’s purchase of the 208,703-square-foot Cedar Springs Shopping Center in Spartanburg for $10.8 million. The property features a 34,928-square-foot Food Lion. Ziff also purchased the 16,144-square-foot Greenwood Commons, located on the Interstate 72 Bypass in Greenwood, for $2.75 million. Marcus & Millichap’s Andrew Margulies represented the undisclosed seller in the Greenwood transaction.