M&A Deal Summary |
|
|---|---|
| Date | 2013-01-03 |
| Target | Valparaiso Walk Shopping Center |
| Sector | Real Estate |
| Buyer(s) | IRC Retail Centers |
| Deal Type | Add-on Acquisition |
| Deal Value | 22M USD |
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| Category | Company |
|---|---|
| Founded | 1994 |
| Sector | Real Estate |
| Employees | 141 |
| Revenue | 204M USD (2014) |
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 | 23 of 32 |
| Sector (Real Estate) | 23 of 32 |
| Type (Add-on Acquisition) | 17 of 23 |
| State (Indiana) | 1 of 2 |
| Country (United States) | 23 of 32 |
| Year (2013) | 1 of 5 |
| Size (of disclosed) | 15 of 30 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-03-06 |
Westgate Shopping Center
Fairview Park, Ohio, United States Westgate Shopping Center, a grocery-anchored power center totals approximately 474,000 square feet of gross leasable area (GLA), including a 119,700-square-foot Lowe’s Home Improvement store on a ground lease. The center’s excellent visibility and infill location in an affluent suburban market contribute to its 94 percent occupancy rate. |
Buy | $73M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-09-10 |
Cedar Center South
Cleveland,, Ohio, United States Cedar Center South is a 139,000 square foot shopping center. Cedar Center South is anchored by a 45,300-square-foot Whole Foods grocery store – one of two serving all of the eastern Cleveland metropolitan area – and a 12,100-square-foot CVS/pharmacy, both on long-term leases that provide a stable, high credit quality income stream. |
Buy | $25M |
