Lease Executed by CASTO’s State Street Capital
Columbus, OH — CASTO, one of the country’s leading real estate organization’s brokerage, State Street Capital Realty, recently executed a lease for The Original Pancake House, a Portland-based breakfast restaurant. The Original Pancake House plans to open its first restaurant in the Central Ohio market at The Shops on Lane Avenue in Upper Arlington by early summer 2017.
“The Original Pancake House is an excellent addition to The Shops on Lane Avenue, providing a solid anchor to our attractive courtyard area,” said William Gershenson, Managing Director for Ramco-Gershenson Properties Trust. “At The Shops on Lane, we continue to offer the consumer first-to-market, high quality retail and dining options that deliver an all-day shopping experience.”
This will be the first Original Pancake House location in Columbus; there are over 122 franchised restaurants in 27 states, as well as South Korea and Tokyo.
“We are very excited about opening The Original Pancake House in Columbus. We chose the area due to its steady economic growth, friendly small city feel and the community’s big appetite for breakfast places,” said Ruben Guzman, Franchisee. “The Original Pancake House will bring a truly unique concept with a combination of Old World recipes, high quality ingredients and exceptional service.”
Sydney Federer of State Street Capital is the tenant representative for The Original Pancake House Franchisee, Ruben Guzman. For more information, contact Sydney Federer at 614.228.5331.
CASTO, a fully integrated real estate organization since 1926, is a recognized leader in the ownership, management, acquisition and development of commercial shopping centers, multi-family residences and office buildings. CASTO’s growing portfolio currently includes over 23 million square feet of commercial property and over 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 State Street Capital Realty
State Street Capital Realty is a full-service brokerage group located in Columbus, Ohio with retail listings in excess of 8.4 million square feet ranging from 5,000 square foot buildings to retail centers over 500,000 square feet. The group operates under the CASTO banner and also specializes in retail land development and select tenant representation, as well as retail center dispositions.
About Ramco-Gershon Properties Trust
Ramco-Gershenson Properties Trust (NYSE:RPT) is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT) based in Farmington Hills, Michigan. The company’s business is the ownership and management of large, multi-anchor shopping centers primarily in a number of the largest metropolitan markets in the central United States. As of March 31, 2016, the Company owned interests in and managed a portfolio of 72 shopping centers and one office building with approximately 15.7 million square feet of gross leasable area.
About The Original Pancake House
The Original Pancake House was founded in 1953 by Les Highet and Erma Hueneke who created award-winning breakfast recipes from all over the world. Today, The Original Pancake House has over 122 locations in 27 states and three countries, primarily owned and operated by Franchisees.