- CASTO ANNOUNCES 15,900 SQUARE FEET OF NEW RETAIL LEASING IN THE CINCINNATI AREA
- Tuesday, May 4, 2010
- Party City and Salon Concepts
- 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 Party City at Tri-County Marketplace, located across from the Tri-County Mall at the southwest quadrant of Interstate 275 and Princeton Pike, and Salon Concepts at King’s Mall, situated at the northeast quadrant of Interstate 71 and Fields Ertel Road.
Party City is joining PetSmart and Tree House Kids. They have signed a ten year lease and will occupy 11,250 square feet. Party City is expecting to open doors at TriCounty Marketplace some time this fall.
According to Nikki Fisher, Asset Manager at CASTO, “We have seen an increase in leasing activity within our portfolio as tenants are taking advantage of the opportunity to upgrade their store locations to better, quality centers.”“As the economy continues to improve, we expect to see the trend continue,” Fisher added.Salon Concepts will occupy an end cap at Kings Mall on Fields Ertel Road. The salon will offer a wide range of services for all your beauty needs. Salon Concepts signed a ten year lease and is expected to open their 4,600 square foot space by July 1st. For more information, visit www.salon-concepts.com.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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