Dec
02

Kroger Center in Savannah Sold

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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 real estate investment, development and management firm owns more than $180 million worth of commercial space in the Southeast and has spent $23 million this year.

Terms of the deal were not disclosed. Maxwell Penn with local commercial real estate firm Colliers Neely Dales brokered the deal. The property was previously sold in 2007 for $10,275,000, according to Chatham County property records. The Berwick Marketplace opened in 2005 and is adjacent to the area’s largest Kroger store. Kroger owns the 75,000 square foot building its store occupies.

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Categories : Savannah

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