KONOVER SOUTH CLOSES $2.5 MILLION LAND PURCHASE IN VERO BEACH, FLA., FOR ITS NEW COMMUNITY SHOPPING CENTER VERO BEACH SQUARE TO INCLUDE RETAIL, RESTAURANTS, A HOTEL AND MORE

Konover South, LLC, today closed a $2.5 million land purchase in Vero Beach, Fla., for its new community shopping center Vero Beach Square. Consisting of 10 prime acres located at the southeast corner of State Road 60 and 53rd Avenue, the center is slated to include retail, restaurants, a hotel, medical, automotive services and more. David Coppa, CEO of Konover South, stated “Working with Indian River County’s planners and staff has been a very productive process in moving this project forward and delivering a wonderful new project for the community.” A groundbreaking is expected in the first quarter of 2018, Coppa added. The center, located at 5125 20th Street, offers excellent access and visibility, plus convenient cross access with a Walmart, Sam’s Club and 58th Avenue. Kimley Horn and Associates is the project engineer. For leasing information, contact Scott Meyers at 561-414-5552 or smeyers@konoversouth.com.

The seller was Vero Beach Capital, LLC, and the broker for the land transaction was Konover South Development Corp.

Built on a legacy of family tradition spanning three generations, Konover South continues the successful track record of The Simon Konover Organization, an industry-leading real estate company since 1959. Konover South is a fully integrated acquisition, development and management company operating throughout the southeastern United States. Led by David Coppa, Chief Executive Officer, Konover South is headquartered at 431 Fairway Drive, Deerfield Beach, Fla.