Red Mountain Group Sells 548,000 SF Shopping Center in Algonquin, Illinois

Red Mountain Group Sells 548,000-Square-Foot Power Center in Suburban Chicago

Algonquin, Ill. — Red Mountain Group has sold Algonquin Commons, a 548,000-square-foot power center located in the Chicago suburb of Algonquin. Nuveen Real Estate purchased the center for roughly $100… The post Red Mountain Group Sells 548,000-Square-Foot Power Center in Suburban Chicago appeared first on Shopping Center Business.

Red Mountain Group Sells 548,000 SF Shopping Center in Algonquin, Illinois

ALGONQUIN, ILL. — Red Mountain Group Inc. has sold Algonquin Commons, a 548,000-square-foot retail power center in the Chicago suburb of Algonquin. Nuveen Real Estate was the buyer. Located along Randall Road, Algonquin Commons is home to tenants such as Trader Joe’s, The Fresh Market, Nordstrom Rack, Bob’s Furniture, Ulta Beauty, Old Navy, Dick’s Sporting Goods and Barnes & Noble. Red Mountain Group has focused on repositioning and restabilizin…