- CASTO CLOSES SALE ON SECOND COLUMBUS LOCATION FOR MENARDS
- Tuesday, February 15, 2011
- Menard Inc. purchases 20 acres from CASTO for East Broad location
- Columbus, OH — CASTO, one of the country’s leading real estate organizations, today announced that Menards has purchased 20 acres of land at Columbus Corporate Center, located on East Broad Street at Rosehill Road, on the east side of Columbus.There are an additional five acres for retail uses available for lease or sale.As part of the project, to the north of the Menards site, the completion of Brice Road will take place, providing a connection to Reynoldsburg-New Albany Road.“In an environment where activity has been difficult, we feel CASTO’s strong relationships and retail development expertise is what facilitated the ultimate sale of this ground to Menards, as well as the associated entitlements,” commented Don Casto, Partner at CASTO.According to Menards, construction on their 160,000 square foot store will commence later this spring. This will be the second Menards location in Columbus. The first location, situated at Northland is scheduled to open this spring.About MenardsMenards® is known throughout the home improvement industry as the low price leader; it's no wonder their famous slogan "SAVE BIG MONEY®" is so widely known and easy to remember. Menards® does things right; the company's strength and success can be seen in the well-stocked and maintained stores, the lowest prices in town and the way guests are always treated like family in a hometown hardware store atmosphere. For more information, please visit www.menards.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’sgrowing portfolio currently includes over 23 million square feet of commercial property and more than 5,000 residential units located primarily throughout the Midwestern and southeastern United States and Puerto Rico. To learn more about CASTO, contact us at (888) 400-0878 or visit www.castoinfo.com.
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