- CASTO Begins Phase II of Circleville Plaza Development; Leasing 50,000 Square Foot Space at New Market in Dublin
- Wednesday, January 4, 2006
- Columbus, Ohio — CASTO, one of the country’s leading real estate organizations, is beginning Phase II of its Circleville Plaza development in Circleville, Ohio. The developer is also leasing a 50,000 square foot space at New Market in Dublin, Ohio due to the closing of Media Play. “Both Circleville Plaza and New Market are located in growing areas with above average household income demographics," said Steven Friedman, CASTO leasing representative. “The location of these centers also makes them a great opportunity for retailers of all sizes and specialties.” ABOUT CIRCLEVILLE PLAZA Circleville Plaza, a 300,000 square foot community center located south of Columbus on US-23 in Circleville, Ohio is anchored by a new Wal-Mart Supercenter. Other tenants include an effective mix of national, regional and local retailers, service providers and restaurants including Maurice’s, Tire Discounters, Shoe Show, Berger Hospital, Bob Evans and Rent Smart. Outparcel opportunities also are available. The first phase was completed in 2005 and is 99 percent leased. Phase II of the project will open in 2006 and will include 75,000 square feet of space that is currently available for lease. Within five miles of the center the average household income increased 35 percent since 1990, with continued growth projected over the next five years. ABOUT NEW MARKET New Market offers excellent freeway visibility and accessibility. Located on the northeast quadrant of Interstate 270/Sawmill Road interchange, it has a continuous right turn into the mall. High traffic, excellent tenant mix and above average income make New Market an appealing shopping destination in Columbus’ northwest retail corridor that includes CompUSA and Lifestyle Fitness. Within five miles of the New Market, the population grew 25% and the number of households increased 32% since 1990. Continued growth is projected over the next five years for this area as well. ABOUT CASTO 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 over 20 million square feet of commercial property and nearly 7,000 residential units located primarily throughout the Midwestern and southeastern United States. CASTO Lifestyle Properties, an affiliate company of CASTO, is based in Sarasota, Florida and focuses on the development of mixed-use lifestyle centers. To learn more about CASTO and its properties call (614) 228-5331 or visit www.castoinfo.com.
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