A fully occupied shopping center on Hilliard Rome Road has a new owner. Casto has acquired Hilliard Rome Commons, a 106,922-square-foot retail center in Hilliard, Ohio, from RCG Ventures in a deal brokered by commercial real estate firm JLL.
JLL brokered the sale for $20.5 million, according to REBusinessOnline. That price marks a significant jump from the nearly $16 million Atlanta-based RCG Ventures paid to acquire the property in late 2022, according to the Columbus Business First. That 2022 purchase itself came at a discount, with RCG paying about $1 million less than the previous owner had paid roughly four months earlier, per the same report. The center spans 106,922 square feet and sold for about $20.5 million.
Built in 2002, Hilliard Rome Commons sits at 1710 Hilliard Rome Road, northwest of downtown Columbus. JLL represented RCG Ventures as the seller in the deal, according to its announcement, which described the property as 100% occupied and anchored by Burlington, HomeGoods, Ulta Beauty, pOpshelf and Buffalo Wild Wings, along with a separately parceled Bank of America outparcel.
A Well-Positioned Corridor on Columbus's West Side
Hilliard Rome Road is described in the JLL announcement as one of the primary commercial corridors on the west side of the Columbus metropolitan area, and the center's location gives it proximity to Interstate 70. That access helps the property draw shoppers not just from Hilliard but from western Columbus, Dublin, Grove City and surrounding communities, per the firm's release.
The acquisition lands in a Columbus retail market that remains tight. Occupancy across the region stayed above 96% in the third quarter of 2026, according to the Columbus Retail Team, which also noted that new development has remained measured, with much of the construction pipeline already committed. The same report pointed to residential expansion in areas like Hilliard as a continuing driver of demand for neighborhood-serving retail.
How the Price Compares to Other Central Ohio Deals
Hilliard Rome Commons joins a string of notable retail trades in the Columbus area over the past couple of years. A Florida company bought seven central Ohio strip malls for $21 million in March 2025, according to NBC4 WCMH-TV. First National Realty Partners has separately reported completing a $45 million acquisition of Carriage Place Shopping Center. A market report from Matthews also listed Hilliard Square selling for $8.7 million and Oak Creek Center for $20.4 million among notable fourth-quarter 2025 transactions in the region.
Details on the financing structure, lease terms for individual tenants and the exact closing date of the Casto-RCG Ventures transaction were not disclosed in the available reporting. The deal nonetheless adds another fully occupied asset to a Columbus retail landscape where vacancy remains scarce and investors continue competing for stabilized, well-located centers.
