The Florida unit of West Hartford developer-landlord The Simon Konover Co. has bought its partner’s stake in their Sunshine State commercial realty portfolio worth more than $100 million, authorities say.
Konover South LLC, of Deerfield Beach, Fla., recently acquired full equity to 883,926 square feet of prime retail properties in north and south Florida, housing such retailers as Publix and Winn-Dixie supermarkets and TJ Maxx.
The Hartford office of Bridgeport lender People’s United Bank provided $75 million in permanent financing for the buyback, Konover officials said. The identity of Konover South’s former institutional partner wasn’t disclosed.
