Partnership Acquires Retail Space in South Florida for $8.5M

DELRAY BEACH, FLA. — A partnership between Konover South LLC and Gary Broidis, principal of Atlantic Commercial Group Inc., has acquired the retail component of City Walk in Delray Beach. The 16,652-square-foot, ground-level retail space is situated in the city’s Pineapple Grove district. The space is part of a four-story condominium building and currently houses Brule Bistro, Joseph’s Wine Bar & Café and Yama Japanese Restaurant. Citywalk Commercial Property LLC sold the property. Continental Casualty provided a $4.9 million loan to the partnership. Konover South will provide property management, and Broidis will handle leasing.