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  • May 21, 2020
  • Article

Red Mountain Group Acquires Class A Location in Costa Mesa, California

Santa Ana, CA – May 12, 2020 – Red Mountain Group, Inc. is pleased to announce that during these difficult and turbulent times, the acquisition of an amazing re-development opportunity in the heart of Costa Mesa, California at 2666 Harbor Blvd. Currently an ACE Hardware and an auto dealer location, the 2.4 acre lot is located at the Southwest corner of Harbor Blvd and Mesa Verde Drive.

In planning for the re-development of the center, Red Mountain Group has experienced an outstanding response in leasing activity. With so much focus on what is NOT possible during this unprecedented time frame, Red Mountain Group is very excited to achieve this acquisition and to create new jobs and revenue for the local community of Costa Mesa.

Because of their longstanding relationship with Bill Pedersen of Mathews Real Estate, Red Mountain Group was very excited to be the successful bidder from over 21 active offers on the property. The deal was brokered internally in Red Mountain Group by Graham Allchorn.

Red Mountain Group will soon release the final re-development and leasing intentions for this site in a future press release. For leasing information on this property, please contact Kristin Ambrose at 714-460-1564 or visit the property page on Red Mountain Group’s website (click here)

The Red Mountain Group portfolio encompasses over 4.1 million square feet of commercial retail development with a current value of over $1 billion dollars with assets in 18 states. Red Mountain Group was founded in 1999 by Mr. Michael H. Mugel. The company is headquartered in Santa Ana, California, with an additional office in Phoenix, Arizona. Red Mountain Group can be found online on LinkedIn, Facebook, Twitter, and at www.RedMountainGroupInc.com

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