- CASTO ANNOUNCES 50,000 SQUARE FEET OF NEW RETAIL LEASING IN THE CINCINNATI AREA
- Tuesday, January 12, 2010
- Two retail locations will open in the Fields Ertel corridor
- Cincinnati, OH — Cincinnati, OH – CASTO, one of the country’s leading real estate organizations, announced today that CASTO and their joint venture partner, Investcorp, completed two new retail leases with Big Lots at Governor’s Plaza, situated just east of Interstate 71 on Fields Ertel Road and Aldi, at Montgomery Crossing, located at US-22/Montgomery Road and Fields Ertel Road.Big Lots will occupy 31,200 square feet, the former Linens and Things location at Governor’s Plaza. Big Lots is scheduled to open in mid-February.Aldi will join the anchor tenant line-up at Montgomery Crossing, occupying 19,200 square feet, formerly HHGregg. Aldi anticipates an opening in April.“This is an indication that even in tough economic times, if we do business using fundamental good business practices, deals can be made,” stated Don Casto, Partner at CASTO. “These fundamentals for a strong real estate deal haven’t changed much over the years. If you have a strong location, strong retailer and strong partners, it works.”About InvestcorpFounded in 1982, Investcorp has enjoyed a track record of consistent innovation and performance, having arranged investments with a combined value of approximately $43 billion. The Company has grown to become one of the largest and most diverse alternative investment managers in terms of both product offerings and geography, and currently has approximately $12 billion in assets under management. The Firm co-invests significantly with its clients across its lines of business to ensure a strong alignment of interests. To learn more, visit www.investcorp.com.About CASTOCASTO, a fully integrated real estate organization since 1926, is a recognized leader in the ownership, management, acquisition and development of commercial shopping centers and multi-family residences, office buildings and corporate parks. CASTO’s growing portfolio currently includes over 23 million square feet of commercial property and nearly 4,000 residential units located primarily throughout the Midwestern and southeastern United States and Puerto Rico. CASTO currently has more than three million square feet of retail in development. To learn more about CASTO, call (888) 400-0878 or visit www.castoinfo.com.
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