M&A Deal Summary

EastGroup Properties Acquires Ridge Creek Distribution Center III

On May 14, 2014, EastGroup Properties acquired real estate company Ridge Creek Distribution Center III

Acquisition Highlights
  • This is EastGroup Properties’ 1st transaction in the Real Estate sector.
  • This is EastGroup Properties’ 1st transaction in the United States.
  • This is EastGroup Properties’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2014-05-14
Target Ridge Creek Distribution Center III
Sector Real Estate
Buyer(s) EastGroup Properties
Deal Type Add-on Acquisition

Target

Ridge Creek Distribution Center III

Charlotte,, North Carolina, United States
Ridge Creek Distribution Center III in Charlotte comprises a distribution building covering an area of 270,000 square feet.

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Buyer(S) 1

Buyer

EastGroup Properties

Ridgeland, Mississippi, United States
Category Company
Sector Real Estate
Employees95
Revenue 571M USD (2023)
DESCRIPTION

EastGroup Properties is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. EastGroup Properties is based in Ridgeland, Mississippi.

DEAL STATS #
Overall 1 of 2
Sector (Real Estate) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Tulloch

Piedmont, California, United States

Tulloch is an owner of an industrial real estate portfolio located within the San Francisco and Sacramento markets, with properties in those locations. Tulloch is based in Piedmont, California.

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