Not only will the Kroger store be like new with more departments, and slightly larger, we are investing capital to renovate this center, which was originally built in 1976. This type of redevelopment is a significant example that even in a slower economic environment, solid businesses such as Kroger and CASTO can and do keep moving ahead.
Columbus, OH (Vocus) April 29, 2009
CASTO , one of the country's leading real estate organizations, announced today that Kroger will begin construction at its Westerville Plaza location which is located at the southwest corner of Schrock Road and SR-3 State Street. Kroger anticipates opening at the end of this year.
"Kroger and CASTO both are very excited that this renovation and expansion will be done," stated a spokesperson for CASTO. "Not only will the Kroger store be like new with more departments, and slightly larger, we are investing capital to renovate this center, which was originally built in 1976. This type of redevelopment is a significant example that even in a slower economic environment, solid businesses such as Kroger and CASTO can and do keep moving ahead."
Westerville Plaza will undergo a complete façade renovation as well which will include new signage opportunities and improved access and circulation. Currently, the center has a 13,000 square foot vacancy and several smaller retail spaces available.
Kroger, one of the nation's largest retail grocery chains, employs more than 326,000 associates who serve customers in 2,481 supermarkets and multi-department stores in 31 states. Kroger operates stores under two dozen local banner names including, Kroger, Ralphs, Fred Meyer, Food 4 Less, Fry's, King Soopers, Smith's, Dillons, QFC and City Market. In addition, Kroger associates serve customers in 771 convenience stores, 385 fine jewelry stores and 781 supermarket fuel centers the Company operates. Kroger also operates 41 food processing plants in the U.S. Headquartered in Cincinnati, Ohio, Kroger focuses its charitable efforts on supporting hunger relief, health and wellness initiatives, and local schools and grassroots organizations in the communities it serves. For more information about the Company, please visit http://www.kroger.com.
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.
Sarah C. Benson
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