M&A Deal Summary

IRC Retail Centers Acquires Big Lake Town Square

On January 10, 2006, IRC Retail Centers acquired real estate company Big Lake Town Square for 10M USD

Acquisition Highlights
  • This is IRC Retail Centers’ 8th transaction in the Real Estate sector.
  • This is IRC Retail Centers’ 27th largest (disclosed) transaction.
  • This is IRC Retail Centers’ 8th transaction in the United States.
  • This is IRC Retail Centers’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2006-01-10
Target Big Lake Town Square
Sector Real Estate
Buyer(s) IRC Retail Centers
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

Big Lake Town Square

Big Lake, Minnesota, United States
Big Lake Town Square, a 67,835 square-foot grocery-anchored retail center as currently vacant space is leased. Major tenants at the center include Coburn's Grocery, Great Clips, Figaro Pizza and Caribou Coffee .

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Buyer(S) 1

Buyer

IRC Retail Centers

Oak Brook, Illinois, United States

website

Category Company
Founded 1994
Sector Real Estate
Employees141
Revenue 204M USD (2014)
DESCRIPTION
Inland Real Estate's corporate headquarters in Oak Brook, Illinois.
Inland Real Estate's corporate headquarters in Oak Brook, Illinois.

IRC Retail Centers LLC is a real estate company focused on owning and operating open-air neighborhood, community, and power shopping centers located in well-established markets primarily in the Central and Southeastern U.S. IRC Retail Centers was founded in 1994 and is based in Oak Brook, Illinois.

DEAL STATS #
Overall 8 of 32
Sector (Real Estate) 8 of 32
Type (Add-on Acquisition) 8 of 23
State (Minnesota) 1 of 3
Country (United States) 8 of 32
Year (2006) 1 of 3
Size (of disclosed) 27 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-03 Northgate Shopping Center

Sheboygan, Wisconsin, United States

Northgate Shopping Center, a newly developed 74,700 square-foot multi-tenant grocery-anchored retail center is anchored by a Piggly Wiggly grocery store and also includes Family Dollar, Aurora Pharmacy, Curves, H&R Block and Vision Mart retailers.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-30 Ravinia Plaza

Orland Park, Illinois, United States

Ravinia Plaza, a 101,384 square-foot community center as currently vacant space is leased. Major tenants at the center include Borders Books & Music, Pier 1 Imports and Panera Bread Company.

Buy $2M
Mergr

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