The publicly traded Knoxville, TN-based holding company announced in a shareholder's reported the sale price on the 32,000-sf mall but identified the buyer only as an independent third party.
However, Palm Beach County property records show the designer and marketer of fashion, sports-licensed and craft products sold the property to D&D Co. Those records also show that Innovo acquired the property in the mid-1990s for about $1.5 million or about $46.88 a sf.
Innovo shareholder's reports show that the company opened the site in 1997 but closed the facility a few months later following several lease terminations.
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