Ziff Properties Inc. announced Friday the sale of a nearly 476,000-square-foot warehouse and office facility in Wilmington.

The Mount Pleasant, South Carolina-based company sold Smith Creek Center, 1536 Castle Hayne Road, for an undisclosed amount to an undisclosed buyer, according to a news release. Drayton Calmes of Norvell Real Estate Group represented Ziff Properties in the sale.

Explaining the reason for the sale, Christian Chamblee, COO and director of acquisitions for Ziff Properties, said in the news release, "A streamlined portfolio, primarily of neighborhood retail and Class A self-storage properties, will allow for consistent growth and progress as a company.”

Ziff had offered Smith Creek Center, where tenants include ABC Supply Co.; MarKraft Cabinets; Coastal Carolina Movers; DorRay Aviation; Flores & Foley Roofing; and Velocity Solutions, for sale on Auction.com in an auction that had been scheduled to begin Dec. 1 with a starting bid of $800,000.

But although Auction.com was involved in brokering the sale, the center was not bought through an auction on the website, the company said in an email Friday.

Last year, Ziff Properties sold the Murchison Building, a 10-story historic structure at 201 N. Front St. in downtown Wilmington, on Auction.com for $1.425 million.

The sale of Smith Creek Center reduces Ziff's Wilmington holdings to one property, The Home Depot-anchored Village at Myrtle Grove shopping center at 5511 Carolina Beach Road, which the company does not have plans to sell "at this time," according to a company email.

The last sale price listed for the Smith Creek Center address in New Hanover County property tax records was $5.2 million in 2001.