Columbus, OH (Vocus) May 11, 2009
CASTO, one of the country’s leading real estate organizations, announced today that hhgregg will occupy the previous Circuit City location at Tanglewood Plaza which is located on Hilliard-Rome Road, just north of I-70 in Columbus, Ohio. In addition another hhgregg location will open at King’s Mall, located at I-71 and Fields Ertel Road, in Cincinnati, Ohio.
“The two new locations are an indication that even in tough economic times, if we do business using fundamental good business practices, deals can be made,” stated a spokesperson with CASTO. “These fundamentals for a strong real estate deal haven’t changed much over the years. If you have a strong location, strong developer/landlord and a solid retailer, it works.”
hhgregg anticipates an opening at Tanglewood Plaza this summer. The King’s Mall location, in Cincinnati, will open this fall.
About hhgregg:
hhgregg is a specialty retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 110 stores in Alabama, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, South Carolina and Tennessee.
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 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 http://www.castoinfo.com.
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