M&A Deal Summary

IRC Retail Centers Acquires Orland Park Place

On April 29, 2005, IRC Retail Centers acquired real estate company Orland Park Place for 77M USD

Acquisition Highlights
  • This is IRC Retail Centers’ 6th transaction in the Real Estate sector.
  • This is IRC Retail Centers’ largest (disclosed) transaction.
  • This is IRC Retail Centers’ 6th transaction in the United States.
  • This is IRC Retail Centers’ 4th transaction in Illinois.

M&A Deal Summary
Date 2005-04-29
Target Orland Park Place
Sector Real Estate
Buyer(s) IRC Retail Centers
Deal Type Add-on Acquisition
Deal Value 77M USD

Target

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.

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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 6 of 32
Sector (Real Estate) 6 of 32
Type (Add-on Acquisition) 6 of 23
State (Illinois) 4 of 9
Country (United States) 6 of 32
Year (2005) 4 of 5
Size (of disclosed) 1 of 30
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-03 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.

Buy $10M
Mergr

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