The Real Deal Miami

Deerfield Beach’s Konover South buys 900K sf retail portfolio

November 25, 2013 03:00PM


Admirals Crossing in Jupiter

Deerfield Beach investment property management firm Konover South acquired a full stake in an 883,926-square-foot portfolio of nine retail buildings.

The properties, some of which are in South Florida, are valued at more than $100 million. The firm’s undisclosed partner was bought out with a $75 million credit line that Connecticut-based People’s United Bank provided. TJMaxx and Publix are among the flagship tenants.

The South Florida properties include Inverrary Falls in Lauderhill, Admirals Crossing in Jupiter and Kendall Square and Kendall Square Office in Miami. [Daily Business Review]Mark Maurer