Red Mountain Group has sold Algonquin Commons, a 548,000-square-foot premier power, neighborhood and lifestyle shopping center in Algonquin, Ill.
The shopping center was sold for $100 million to Nuveen Real Estate. Red Mountain Group was represented exclusively by Bill Bauman, Keely Polczynski, Kyle Miller & Conor Lalor of Newmark.
Strategically located along Randall Road, one of Chicago’s most prominent suburban retail corridors, Algonquin Commons serves as a regional destination with a strong tenant lineup including Trader Joe’s, The Fresh Market (opened in 2025), Nordstrom Rack, Bob’s Furniture, Ulta Beauty, Old Navy, Dick’s Sporting Goods, and Barnes & Noble. The center draws from a trade area of nearly 400,000 residents with average household income exceeding $125,000.
Since acquiring Algonquin Commons, Red Mountain Group has focused on repositioning and re-stabilizing the center. The company implemented a merchandising and leasing strate
