Boca Raton’s Yamato Crossing trades for $13M

202 West Yamato Road
202 West Yamato Road

Konover South has purchased the Yamato Crossing retail center in Boca Raton for $13 million.

Fifth Third Bank seized the 28,000-square-foot property, located at 202 West Yamato Road, in 2010 after foreclosing on a $9.4 million mortgage, according to the South Florida Business Journal.

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“Konover South has the capital and capacity to perform strategic acquisitions, and with rental rates and leasing activity on the rise, we are aggressively pursuing other deals,” CEO David Coppa said.

Yamato Crossing is 92 percent leased. Tenants at the shopping center include CVS Health and Panera Bread. [South Florida Business Journal]Christopher Cameron