Casto to manage two Richmond properties

Richmond, Va. Casto has announced a new partnership with institutional investors advised by J.P. Morgan Asset Management. With this assignment, Casto will provide property management and leasing services to two properties in the Richmond area.

Harbour Pointe Village, a 123,000-sq.-ft. shopping center located in Midlothian, Va., is anchored by a 57,000-sq.-ft. Ukrop’s.

Stony Point Shopping Center is a 78,000-sq.-ft. retail center in Richmond, anchored by a 40,000-sq.-ft. Ukrop’s.

“We have developed a three-year value enhancement plan that will consider all opportunities for each center from re-leasing to redevelopment, reconfiguring space and construction services,” said Dixon Fleming, partner at Casto.