KONOVER SOUTH BUYS BOCA RATON RETAIL CENTER FOR $13M

BOCA RATON, FLA. — Konover South LLC has purchased Yamato Crossing, a 28,000-square-foot retail center in Boca Raton, for $13 million. The property is currently 92 percent leased to CVS, Panera Bread and a yet-to-be-built Regions Bank outparcel. Konover South purchased the property through a bankruptcy auction. In addition to owning Yamato Crossing, the company plans to lease and manage the asset as well.