On October 11, Konover South LLC closed a prime 6-acre, $4.75 million land purchase near Charlotte Premium Outlets and plans to break ground on its 32,000-sq.-ft. Shoppes of Madison Place retail center in the first quarter of 2020.
Located on Steele Creek Road near I-485 in the fast-growing Berewick area of southwestern Charlotte, the property was purchased from Madison Capital Group, based in Charlotte.
In making the announcement, David Coppa, CEO of the Deerfield Beach, Fla.-based company, said the center is slated to include a national steak restaurant, banking, cellular, healthcare and more when opened in the second quarter of 2021.
Coppa added “Konover South is very excited to enter North Carolina and bring this new development to the Charlotte market. We will continue to look for additional opportunities to continue our growth in this already very exciting growing market.” The site offers excellent access and visibility, plus convenient cross access with Harris Teeter, Starbucks, Walgreens and other leading retailers.
Aaron Zucker of Zucker Investment Group (ZIG), Charlotte, represented the buyer in the transaction. For leasing information, contact Margot Bizon at 704-654-2845 or firstname.lastname@example.org.
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.