Woodridge Plaza Acquisition Propels Red Mountain Growth
Deal News | Feb 11, 2025 | EIN
Red Mountain Group, a prominent real estate development company, has announced the acquisition of Woodridge Plaza, a 50,809 square foot neighborhood retail center in Woodridge, Illinois. This strategic purchase signifies the company's third acquisition in Illinois, furthering its vision of national growth. Woodridge Plaza, anchored by Walgreens, Dunkin Donuts, and planned Anytime Fitness, is situated in a highly affluent area with over 250,000 residents in close proximity. With immediate plans for upgrades, the acquisition aims to enhance the retail hub's appeal, solidifying Red Mountain's market presence.
Sectors
- Commercial Real Estate
- Retail
Geography
- United States – The acquisition is located in Woodridge, Illinois, within the United States, underscoring the geographical focus of Red Mountain Group's expansion.
- Illinois – The specific geographic region of Illinois is central to this acquisition, marking Red Mountain Group's continued investment in the state.
Industry
- Commercial Real Estate – The acquisition of Woodridge Plaza by Red Mountain Group falls within the commercial real estate industry, focused on retail development and investment.
- Retail – Woodridge Plaza serves as a retail center with tenants including Walgreens and Dunkin Donuts, highlighting its role within the retail sector.
Financials
- $1.6 Billion – The current market value of Red Mountain Group's commercial retail development portfolio.
- 50,809 SF – The size of Woodridge Plaza, the retail center acquired by Red Mountain Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Red Mountain Group, Inc. | Bidding Company | Company | A leading privately-held retail redeveloper with a national presence, expanding through acquisitions like Woodridge Plaza. |
| Woodridge Plaza | Target | Company | A neighborhood retail center in Woodridge, Illinois, newly acquired by Red Mountain Group. |