FOR IMMEDIATE RELEASE
Contact: Susan Rounds, VP of Marketing
Red Mountain Group
Red Mountain Group Acquires Property in Hobbs, NM
Santa Ana, CA – May 7, 2019 – Red Mountain Group, Inc. is pleased to announce an acquisition in Hobbs, New Mexico, located at 1781 North Turner Street. The 24,049 SF building is a single-tenant Staples location with excellent sales and is located on a lot size of over 2 ½ acres in a hard to replace Central City location. Surrounding retailers include K-Mart, Big Lots, AutoZone, Walgreens, Pizza Hut, McDonald’s, Big 5, Arby’s, Taco Bell, Checker Auto, KFC and Wells Fargo. Hobbs is the largest city in the southeastern part of New Mexico and serves over 125,000 consumers in a 55 mile radius.
For additional information on this property, please contact Siobhan Byrne at 714-460-1516 or visit the property page on Red Mountain Group’s website at: https://www.redmountaingroupinc.com/property/staples-turner-st/
The Red Mountain Group portfolio encompasses over 3.9 million square feet of commercial retail development with a current value of over $850 million 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