M&A Deal Summary

IRC Retail Centers Acquires Deer Trace II

On September 7, 2004, IRC Retail Centers acquired real estate company Deer Trace II for 5M USD

Acquisition Highlights
  • This is IRC Retail Centers’ 2nd transaction in the Real Estate sector.
  • This is IRC Retail Centers’ 29th largest (disclosed) transaction.
  • This is IRC Retail Centers’ 2nd transaction in the United States.
  • This is IRC Retail Centers’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2004-09-07
Target Deer Trace II
Sector Real Estate
Buyer(s) IRC Retail Centers
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

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.

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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 2 of 32
Sector (Real Estate) 2 of 32
Type (Add-on Acquisition) 2 of 23
State (Wisconsin) 1 of 5
Country (United States) 2 of 32
Year (2004) 2 of 2
Size (of disclosed) 29 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-21 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.

Buy $37M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-17 Greentree Centre

Caledonia, Wisconsin, United States

Greentree Centre, a 159,268 square-foot multi-tenant retail center enjoys economic occupancy of 100% and physical occupancy of 93%. Greentree Centre is an excellent retail center, featuring the area's dominant grocer.

Buy $12M
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