{"id":1004748017,"date":"2025-02-21T04:27:14","date_gmt":"2025-02-21T12:27:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004748017"},"modified":"2025-02-21T04:27:16","modified_gmt":"2025-02-21T12:27:16","slug":"red-mountain-group-buys-pittsburgh-area-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/red-mountain-group-buys-pittsburgh-area-shopping-center\/","title":{"rendered":"Red Mountain Group Buys Pittsburgh-Area Shopping Center"},"content":{"rendered":"\n<p>Red Mountain Group Inc. has purchased Century Square, a\u00a0415,613-square-foot shopping center in West Mifflin. This marks the company\u2019s first acquisition in western Pennsylvania. A private owner sold the asset, according to CommercialEdge information. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Century-Square-e1740062561506.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"766\" height=\"575\" data-attachment-id=\"1004748019\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/red-mountain-group-buys-pittsburgh-area-shopping-center\/century-square\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Century-Square-e1740062561506.jpg\" data-orig-size=\"766,575\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Century Square\" data-image-description=\"&lt;p&gt;Century Square. Image courtesy of Red Mountain Group Inc.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Century Square. Image courtesy of Red Mountain Group Inc.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Century-Square-e1740062561506.jpg?w=766\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Century-Square-e1740062561506.jpg\" alt=\"Aerial shot\/tenant list of Century Square\" class=\"wp-image-1004748019\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Century-Square-e1740062561506.jpg 766w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Century-Square-e1740062561506.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 766px) 100vw, 766px\" \/><\/a><figcaption class=\"wp-element-caption\">Century Square occupies roughly 64 acres some 10 miles from downtown Pittsburgh. <em>Image courtesy of Red Mountain Group Inc.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Completed in 1990, Century Square underwent renovations in 2016. The retail center encompasses 16 buildings spread across some 64 acres, CommercialEdge also shows.<\/p>\n\n\n\n<p>Anchored by Lowe&#8217;s Home Improvement, Hobby Lobby, Shop&#8217;n Save, Dunham&#8217;s Sports, Luxury Cinemas and Planet Fitness, Century Square also features a diverse mix of regional and national retailers such as Dollar Tree, Taco Bell, Arby\u2019s, Panda Express, McDonald\u2019s, AT&amp;T, First National Bank and Burlington, among others. The property was 82.7 percent leased at the time of sale.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/net-lease-investment-volume-surges\/\">Net Lease Investment Volume Surges<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Located at 1025-4775 Mountain View Drive, Century Square is some 10 miles from downtown Pittsburgh. The shopping center serves around 192,000 residents within a 5-mile radius, with the average household income of $90,434, according to Red Mountain.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-positive-results-for-pittsburgh-s-retail-market\">Positive results for Pittsburgh&#8217;s retail market<\/h2>\n\n\n\n<p>Pittsburgh\u2019s retail market recorded positive results in the last quarter of 2024, according to a recent Colliers report. Developers broke ground on some 116,650 square feet of <a href=\"https:\/\/www.commercialsearch.com\/news\/retail-space-in-focus-whats-driving-the-sectors-growth\/\">retail space<\/a>, significantly more than the 24,688 square feet recorded the previous quarter.<\/p>\n\n\n\n<p>Meanwhile, the vacancy rate remained unchanged over the quarter, at 4.9 percent. In addition, last year&#8217;s fourth quarter marked the third consecutive quarter of positive absorption for the market, with the year-to-date total to 282,430 square feet. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the company\u2019s first acquisition in western Pennsylvania.<\/p>\n","protected":false},"author":3014,"featured_media":1004748019,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,11,21742,1602,21749],"tags":[],"class_list":["post-1004748017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-latest","category-pittsburgh","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Red Mountain Group Buys Pittsburgh-Area Shopping Center - 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