M&A Deal Summary

IRC Retail Centers Acquires Northgate Shopping Center

On May 3, 2005, IRC Retail Centers acquired real estate company Northgate Shopping Center for 10M USD

Acquisition Highlights
  • This is IRC Retail Centers’ 7th transaction in the Real Estate sector.
  • This is IRC Retail Centers’ 28th largest (disclosed) transaction.
  • This is IRC Retail Centers’ 7th transaction in the United States.
  • This is IRC Retail Centers’ 3rd transaction in Wisconsin.

M&A Deal Summary
Date 2005-05-03
Target Northgate Shopping Center
Sector Real Estate
Buyer(s) IRC Retail Centers
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

Northgate Shopping Center

Sheboygan, Wisconsin, United States
Northgate Shopping Center, a newly developed 74,700 square-foot multi-tenant grocery-anchored retail center is anchored by a Piggly Wiggly grocery store and also includes Family Dollar, Aurora Pharmacy, Curves, H&R Block and Vision Mart retailers.

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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 7 of 32
Sector (Real Estate) 7 of 32
Type (Add-on Acquisition) 7 of 23
State (Wisconsin) 3 of 5
Country (United States) 7 of 32
Year (2005) 5 of 5
Size (of disclosed) 28 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-29 Orland Park Place

Orland Park, Illinois, United States

Orland Park Place, a 598,054 square-foot multi-tenant regional power retail center as currently vacant space is leased.

Buy $77M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-10 Big Lake Town Square

Big Lake, Minnesota, United States

Big Lake Town Square, a 67,835 square-foot grocery-anchored retail center as currently vacant space is leased. Major tenants at the center include Coburn's Grocery, Great Clips, Figaro Pizza and Caribou Coffee .

Buy $10M
Mergr

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