National Retailer to Open New Location in Panama City Beach
Sarasota, FL — CASTO, one of the country’s leading real estate companies, announced today that a Bealls Outlet Store will be joining the lineup at Pier Park North in Panama City Beach, Florida. The addition of the new store will bring the development close to full occupancy with only a few storefronts available.
Construction on the new store has begun and is anticipated to open in September, 2016. The new store will be located in the now vacant space adjacent to Michaels.
“We are proud to announce Bealls Outlet as the latest addition to Pier Park North,” said John Hutchens, VP Project Management for CASTO. “Bealls Outlet, in conjunction with Dicks Sporting Goods, Michaels, Ross and The Fresh Market, offers a quality shopping experience for local residents and visitors and fits with our long-term vision for this shopping center.”
Pier Park North is a joint venture project with CASTO, based in Columbus, Ohio, and The St. Joe Company and Strategic Retail Advisors, both of which are headquartered in Florida. Located on busy US-98 between Destin and Panama City, this project has great access and visibility as well as proximity to numerous tourist attractions and the new Northwest Florida Beaches International Airport. Key tenants include category-leading retailers Dicks Sporting Goods, Bed Bath & Beyond, Michaels, PetSmart and The Fresh Market, among others.
Bealls, Inc. is a privately held company, rich in tradition, still owned by the founding family, and headquartered in Bradenton, Florida. Since its modest beginnings in 1915, Bealls now includes over 530 retail stores across the southern and eastern United States with annual sales of over $1 billion. Bealls has grown to be a major employer in the State of Florida as well as a valued asset to all the communities it serves throughout the country. Bealls is the destination of choice for casual lifestyle and priced-right apparel and home merchandise. Bealls Department Stores and BeallsFlorida.com are owned and operated by Bealls Department Stores, Inc. and Bealls Westgate Corporation. Bealls Outlet Stores and Burkes Outlet Stores are owned and operated by Bealls Outlet Stores, Inc., Burkes Outlet Stores, LLC, and Burkes Westgate Corporation. For more information, visit www.beallsinc.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 and office buildings. 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. CASTO is headquartered in Columbus, Ohio and serves a variety of clients from five offices in Florida, North Carolina and Ohio. To learn more about CASTO, visit www.castoinfo.com.
About The St. Joe Company
The St. Joe Company is a Florida-based real estate development and operating company with real estate assets concentrated primarily between Tallahassee and Destin, Florida, which the company predominantly uses or intends to use for, or in connection with, various residential or commercial real estate developments or resorts, leisure and leasing operations or forestry operations. The company has significant residential and commercial land-use entitlements in hand or in process. The company, based in WaterSound, Florida, seeks higher and better uses for its assets through a range of activities from strategic land planning and development, infrastructure improvements and promoting economic development in the regions where the company operates. More information about the company can be found on its website, www.joe.com.
About Strategic Retail Advisors
Founded in 2001 and headquartered in Jupiter, Florida, Strategic Retail Advisors (SRA) is exclusively focused on providing real estate solutions to clients in the retail and shopping center industry. SRA consults on behalf of retailers and developers in their efforts to open new stores, redevelop existing centers, and relocate existing facilities throughout the United States. To learn more about SRA, visit www.sraretailsouth.com.