- Casto Adds Oak Creek Center to Portfolio
- Wednesday, July 14, 2004
- Columbus, Ohio — Casto, one of the country's leading real estate organizations, announced the recent purchase of Oak Creek Center in Columbus, Ohio. Oak Creek Center, a 105,318 square foot center located on Polaris Parkway, was purchased June 9, 2004 from The Robert Weiler Company. The center is 90% occupied and key tenants include Overbey's (a specialty cooking store), Sherwin-Williams, Kenneth's Hair Salon, Complete Petsmart, and Domicile (specializing in home and patio goods). The center recently added several new tenants, including a bakery and Hertz Car Rental. Don M. Casto, III, partner, commented, "This acquisition strengthens our retail presence in the booming Polaris market of north Columbus. As an organization, we are aggressively seeking new acquisition and development opportunities in many markets outside of Columbus, such as Cincinnati, northern Kentucky, North and South Carolina, and Florida, but Columbus will always be a market on which we will remain focused for continued key opportunities." 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 19 million square feet of commercial property and nearly 7,000 residential units located primarily throughout the midwestern United States and southwest Florida.
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