M&A Deal Summary

IRC Retail Centers Acquires Greentree Centre

On February 17, 2005, IRC Retail Centers acquired real estate company Greentree Centre for 12M USD

Acquisition Highlights
  • This is IRC Retail Centers’ 3rd transaction in the Real Estate sector.
  • This is IRC Retail Centers’ 23rd largest (disclosed) transaction.
  • This is IRC Retail Centers’ 3rd transaction in the United States.
  • This is IRC Retail Centers’ 2nd transaction in Wisconsin.

M&A Deal Summary
Date 2005-02-17
Target Greentree Centre
Sector Real Estate
Buyer(s) IRC Retail Centers
Deal Type Add-on Acquisition
Deal Value 12M USD

Target

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.

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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 3 of 32
Sector (Real Estate) 3 of 32
Type (Add-on Acquisition) 3 of 23
State (Wisconsin) 2 of 5
Country (United States) 3 of 32
Year (2005) 1 of 5
Size (of disclosed) 23 of 30
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-09 Mapleview Shopping Center

Grayslake,, Illinois, United States

Mapleview Shopping Center, a 103,714 square-foot multi-tenant retail center enjoys physical and economic occupancy of 95%. The center is anchored by a Jewel/Osco grocery store.

Buy -
Mergr

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