SEPTEMBER 15 GRAND OPENING SET FOR ALDI STORE AT NEW STUART LANDINGS RETAIL CENTER DEVELOPED BY KONOVER SOUTH, LLC

Aspen Dental opened at the center on August 23; Mattress Firm and T-Mobile to open soon

STUART, Fla. (August 29, 2016) – A much-anticipated September 15 Grand Opening has been set for the 18,539 square foot Aldi store located at 3937 SE Federal Highway in the new Stuart Landings retail center.  Developed and managed by Deerfield Beach-based Konover South, LLC, the 30,587 square foot center is conveniently located at the corner of SE Miami Avenue and shares U.S. 1 access with an adjacent Walmart Supercenter.  A 3,500 square foot Aspen Dental opened on August 23, plus 5,250 square feet of inline retail space including Mattress Firm and T-Mobile will open soon according to David Coppa, CEO of Konover South.  In addition, the integrated acquisition, development and management company has long owned and managed the popular 200,000 square foot Stuart Centre located at SE Federal Highway and Monterrey Road.  In making the announcement, Coppa added, “Our new Stuart Landings marks an exciting expansion of our real estate holdings in Stuart.  The municipality and our tenants have been great to work with, and helped bring the project in on-schedule and on-budget.”

The Shopping Center Group represented the tenant in the long-term Aldi lease, and Katz & Associates represented the tenant in the long-term Aspen Dental lease.

Built on a legacy of family tradition spanning three generations, Konover South continues the successful track record of The Simon Konover Organization. Konover South is a fully integrated acquisition, development and management company operating throughout the southeastern United States. Also, Konover South offers a unique at-risk ownership perspective for third party leasing and management services to leading owners and institutions. Over the last five decades, the Konover organization has been active in the development, acquisition, redevelopment and management of over 140 shopping centers comprising well in excess of 15 million square feet with an enterprise value of over $2 billion. Its portfolio also includes over 2 million square feet of office, over 20,000 apartment units and over 4,000 hotel rooms.