- The Shoppes at Deerfoot Added to Casto Portfolio
- Thursday, November 10, 2005
- Ohio Developer Acquires Third Shopping Center in Alabama
- Columbus, Ohio — Casto, one of the country’s leading owners, developers and operators of community and neighborhood shopping centers, announced that it has completed the purchase of The Shoppes at Deerfoot, located on US Highway 11 in Trussville, Alabama. The 62,441 square foot center was acquired from Crescent Resources, LLC of Charlotte, North Carolina. The transaction was completed on October 11, 2005. Anchored by a 44,840 square foot Publix, the center also includes 17,601 square feet of retail shop space. The company's growth strategy is targeted on building its southeast portfolio through new development and individual asset and portfolio acquisitions. The addition of The Shoppes at Deerfoot represents Casto's third shopping center in Alabama. Casto also owns and operates two centers in Huntsville, Circuit City Plaza and Enterprise Plaza. Casto, 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 nearly 19 million square feet of commercial property and more than 6,000 residential units located primarily throughout the midwestern United States and southwest Florida. Casto Lifestyle Properties, an affiliate company of Casto, is based in Sarasota, Florida and focuses on the development of mixed-use lifestyle centers. For more information about Casto or The Shoppes at Deerfoot, visit www.Castoinfo.com or call (614) 228-5331.
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