Century Square: Red Mountain Group Expands Footprint with New Acquisition

Red Mountain Group, Inc., a prominent real estate development company, has announced its acquisition of the Century Square Shopping Center, a property spanning 415,613 square feet in West Mifflin, Pennsylvania. This acquisition is part of Red Mountain's strategic plan to expand its national retail asset footprint, marking its first venture into the western Pennsylvania market. Century Square Shopping Center, built in 1990 and renovated in 2016, is a major retail hub housing renowned tenants such as Lowe's, Hobby Lobby, Planet Fitness, and Shop N Save. The center benefits from a prime location close to downtown Pittsburgh, with a substantial population base and considerable average household income in the surrounding area. Red Mountain Group views this acquisition as an opportunity to leverage the shopping center's resilient tenant mix and its potential for growth via increased occupancy through future leasing activities. The group's leadership reiterated its focus on acquiring properties with solid fundamentals and growth potential. Red Mountain Group, established in 1999, holds a significant national retail portfolio, handling over 6.5 million square feet of commercial retail spaces across 23 states.