KONOVER SOUTH CLOSES $3,279,000 LAND PURCHASE IN ORLANDO FOR ITS NEW 62,222 SQUARE FOOT GROCERY-ANCHORED LANDSTAR MARKETPLACE TO INCLUDE WALMART NEIGHBORHOOD MARKET, AND MORE

Konover South, LLC, today closed a $3,279,000 land purchase in Orlando for its new 62,222 square foot, grocery-anchored Landstar Marketplace retail center that will soon offer a 43,865 square foot Walmart Neighborhood Market and more. Consisting of 18 prime acres located at the southeast corner of Central Florida GreeneWay (SR 417) and Landstar Boulevard, the center will also include 18,357 square feet of inline retail plus four outparcels available for lease.  Bob Bedard, Senior Vice President of Development for Konover South, stated “We are excited to be part of Walmart Neighborhood Market’s continuing expansion in Central Florida, as well as to bring a great new neighborhood center to the city of Orlando.”  Construction is slated to commence this spring and openings are set for first quarter 2018, Bedard added.  The center, located at 13891 Landstar Boulevard, is across the street from a Publix-anchored center in an area of new and planned residential developments.  Kimley-Horn, Orlando, is the project civil consultant and Cuhaci & Peterson is the project architect.  R.A. Rogers Construction Company, Altamonte Springs, is the general contractor.

The sellers were Rodolfo Stern and David Serviansky, and the broker for the land sale was Steve DeWitt with Shorecrest Retail Partners, Orlando.  David Lipp with Atlantic Commercial Group, Delray Beach, represented Walmart Neighborhood Market in its long-term lease.

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.