Posted: December 1, 2011 - 11:14am | Updated: December 2, 2011 - 12:10am
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Summary: The Berwick Marketplace is sold to Ziff Properties, Inc., a Charleston firm. Ziff expects an 18% occupancy increase in two years.
Key quotes:
The Berwick Marketplace, a 38,000-square-foot shopping center located at Berwick Plantation, has been purchased by Ziff Properties, Inc. Ziff, based in Charleston, S.C., also owns the Manger Building downtown.
The Berwick property appealed to Ziff because of the area’s potential for growth as the economy improves. Berwick was a fast-developing part of Chatham County prior to the economic downturn.
“We know that it is not growing as fast as it was,” said Christian Chamblee, Ziff’s director of acquisitions. “Developers originally saw an opportunity, and the market liked what they saw and responded. So when the market takes off again, we think they will respond well again.
Read the full article at Berwick Marketplace sold to South Carolina firm
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Key quotes:
The Berwick Marketplace, a 38,000-square-foot shopping center located at Berwick Plantation, has been purchased by Ziff Properties, Inc. Ziff, based in Charleston, S.C., also owns the Manger Building downtown.
The Berwick property appealed to Ziff because of the area’s potential for growth as the economy improves. Berwick was a fast-developing part of Chatham County prior to the economic downturn.
“We know that it is not growing as fast as it was,” said Christian Chamblee, Ziff’s director of acquisitions. “Developers originally saw an opportunity, and the market liked what they saw and responded. So when the market takes off again, we think they will respond well again.
Read the full article at Berwick Marketplace sold to South Carolina firm
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
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