M&A Deal Summary

IRC Retail Centers Acquires Crystal Point Center

On July 21, 2004, IRC Retail Centers acquired real estate company Crystal Point Center for 37M USD

Acquisition Highlights
  • This is IRC Retail Centers’ 1st transaction in the Real Estate sector.
  • This is IRC Retail Centers’ 5th largest (disclosed) transaction.
  • This is IRC Retail Centers’ 1st transaction in the United States.
  • This is IRC Retail Centers’ 1st transaction in Illinois.

M&A Deal Summary
Date 2004-07-21
Target Crystal Point Center
Sector Real Estate
Buyer(s) IRC Retail Centers
Deal Type Add-on Acquisition
Deal Value 37M USD

Target

Crystal Point Center

Crystal Lake, Illinois, United States
Crystal Point Center, a 339,898 square-foot power retail center is approximately 100% leased and is anchored by Bed Beth & Beyond, Borders Books & Music, Sports Authority, Best Buy, Office Depot and K-Mart.

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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 1 of 32
Sector (Real Estate) 1 of 32
Type (Add-on Acquisition) 1 of 23
State (Illinois) 1 of 9
Country (United States) 1 of 32
Year (2004) 1 of 2
Size (of disclosed) 5 of 30
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-07 Deer Trace II

Kohler, Wisconsin, United States

Deer Trace II, a 24,410 square-foot multi-tenant retail center has physical occupancy of approximately 89.7% and economic occupancy of 100%, due to a master lease arrangement with the developer/seller.

Buy $5M
Mergr

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