M&A Deal Summary

IRC Retail Centers Acquires Princess City Plaza

On August 21, 2014, IRC Retail Centers acquired real estate company Princess City Plaza for 29M USD

Acquisition Highlights
  • This is IRC Retail Centers’ 30th transaction in the Real Estate sector.
  • This is IRC Retail Centers’ 9th largest (disclosed) transaction.
  • This is IRC Retail Centers’ 30th transaction in the United States.
  • This is IRC Retail Centers’ 2nd transaction in Indiana.

M&A Deal Summary
Date 2014-08-21
Target Princess City Plaza
Sector Real Estate
Buyer(s) IRC Retail Centers
Deal Type Add-on Acquisition
Deal Value 29M USD

Target

Princess City Plaza

Indiana, United States
Princess City Plaza is a Class-A power center, with a high quality tenant line up of national retailers and chain restaurants. Princess City Plaza encompasses 178,500 square feet of retail space, including ground leases, and is nearly 99 percent leased to leading national retailers and chain restaurants.

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Buyer(S) 1

Buyer

IRC Retail Centers

Oak Brook, Illinois, United States
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 30 of 32
Sector (Real Estate) 30 of 32
Type (Add-on Acquisition) 21 of 23
State (Indiana) 2 of 2
Country (United States) 30 of 32
Year (2014) 3 of 5
Size (of disclosed) 9 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Newport Pavilion Phase I

Newport, Kentucky, United States

Newport Pavilion Phase I is a 471,800-square-foot grocery-anchored power center. Newport Pavilion Phase I comprises 222,300 square feet of retail space including ground leases, which is 98% leased to Kroger Marketplace, Michaels, PetSmart, Ulta, Famous Footwear, Chick-fil-A and others. The center includes a separately-owned 134,500-square-foot Target store.

Buy $43M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-06 The Prairie Crossings

United States

The Prairie Crossings consists of approximately 109,000 square feet of gross leasable area, including over 83,000 square feet of inline retail space plus two multi-tenant outlot buildings.

Buy $25M
Mergr

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