KONOVER SOUTH CONFIRMS SALE OF TWO FLORIDA RETAIL PROPERTIES

DEERFIELD BEACH, Fla. (December 22, 2021) – Konover South confirmed the sale of two properties from its portfolio in December.

Vero Beach Square, developed by Konover South in 2018, is a community shopping center located in Vero Beach’s major retail hub along State Road 60. The tenant mix included Staybridge Suite, Murphy USA, Tire Kingdom, and a 12,000 sf strip center – which included Dunkin’, Tropical Smoothie Cafe, Jersey Mike’s Subs and Supercuts – at the time of the sale. Konover has sold all parcels except a vacant outparcel located next to Murphy USA with State Road 60 frontage.

The Chase Bank branch building located at South Kendall Square was also sold. Konover South developed the property in 2005. Located at the corner of SW 120th Street and SW 127th Avenue, one mile west of a Florida Turnpike exit. Konover still owns the free-standing Walgreens and 36,500 sf of retail strip space which includes Starbucks, Robeks Fresh Juices & Smoothies, Bonefish Grill, Wing Stop, Jersey Mike’s Subs, and Quest Diagnostics.

At the helm as CEO of Konover South since 2010, David Coppa has transformed the venerable 62-year-old family business into a recognized leader in retail infill ground-up centers primarily in Florida’s core markets. Coppa is now in his 20th year in the family business begun by the legendary Simon Konover in 1957.

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 1957. Konover South is a fully integrated acquisition, development and management company operating throughout the southeastern United States. Led by David Coppa, CEO, Konover South, LLC, is headquartered at 431 Fairway Drive, Deerfield Beach, Fla., phone 954-354-8282. Visit the company’s website at www.konoversouth.com.

View the current Konover South portfolio here.


 

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