Red Top Plaza Has New Owners

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.

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. .