Business & Tech
Red Top Plaza Has New Owners
Inland Real Estate Corp. and PGGM recently acquired the plaza for about $19.8 million.
Inland Real Estate Corp., an Oak Brook-based company, has acquired Red Top Plaza in a joint venture with PGGM, according to DailyHerald.com.
On June 2, the joint venture paid about $19.8 million in an all-cash acquisition for the plaza, according to Daily Herald.
The plaza features retailers such as Fifth Third Bank, Edward Jones, L.A. Tan, Subway and Jewel-Osco.
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Recently Jewel-Osco has been concerned that a new grocery store open across the street may affect Libertyville’s tax base. Mariano’s Fresh Market, which is scheduled to open in late June, pays its taxes to Vernon Hills. .
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