A California-based real estate developer has sold a shopping center near Chicago for $100 million, one of the highest sale prices in the area in recent years, after buying it out of financial distress and refilling much of the space.
Shopping center near Chicago sells for $100 million
Seller Red Mountain Group acquired Algonquin Commons out of distress in 2021
By Ryan Ori
CoStar NewsSeptember 22, 2025 | 10:05 P.M.
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IN THIS ARTICLE
- Properties
- Companies
- Nuveen
Finance and Insurance
- Red Mountain Group
Real Estate
- Contacts
- Conor Lalor
President, Head of Retail Capital Markets, Newmark
- Keely Polczynski
Senior Managing Director, Newmark
- Kyle Miller
Executive Managing Director, Newmark