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Red Mountain Group Sells Country Club Centre for 5.75M
Red Mountain Group, Inc., announces the sale of Country Club Centre, a 67,662 SF retail property in Montgomery, AL for $5.75 million to Country Club SC LLC. Anchored by Winn-Dixie, this high-traffic neighborhood center is located just blocks from Alabama State University and a mile from Walmart Supercenter-anchored, Midtown Plaza. Recent improvements and a recent Dollar Tree lease increased desirability of the retail center. Red Mountain Group, Inc. was represented exclusively by Nikki Faris of Berkeley Capital Advisors in the transaction.
Property Address: 1702-1796 Carter Hill Road, Montgomery, AL 36106
This sale marks the 3rd transaction for Red Mountain Group in a 2 week period. The company has acquired a 50,809 SF shopping center in Woodridge, IL and a 415, 613 SF center in Pittsburgh, PA. With proven results, even in the toughest markets, Red Mountain Group has the experience and reputation for transforming blighted and broken shopping centers into thriving community hubs.