M&A Deal Summary

IRC Retail Centers Acquires Apache Shoppes

On December 19, 2006, IRC Retail Centers acquired real estate company Apache Shoppes for 12M USD

Acquisition Highlights
  • This is IRC Retail Centers’ 10th transaction in the Real Estate sector.
  • This is IRC Retail Centers’ 22nd largest (disclosed) transaction.
  • This is IRC Retail Centers’ 10th transaction in the United States.
  • This is IRC Retail Centers’ 2nd transaction in Minnesota.

M&A Deal Summary
Date 2006-12-19
Target Apache Shoppes
Sector Real Estate
Buyer(s) IRC Retail Centers
Deal Type Add-on Acquisition
Deal Value 12M USD

Target

Apache Shoppes

Rochester, Minnesota, United States
Apache Shoppes, a 60,780 square-foot community center as currently vacant space is leased. Major tenants at the center include Cost Plus World Market and Linens N Things.

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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 10 of 32
Sector (Real Estate) 10 of 32
Type (Add-on Acquisition) 10 of 23
State (Minnesota) 2 of 3
Country (United States) 10 of 32
Year (2006) 3 of 3
Size (of disclosed) 22 of 30
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-19 The Point at Clark

Chicago, Illinois, United States

The Point at Clark, a multi-level retail center with 95,455 square feet of leasable retail area plus on premises parking for 175 cars.The Point at Clark retail center is leased to market-leading retailers DSW Shoe Warehouse, Marshalls and Michaels and is 100 percent financially occupied.

Buy $29M
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