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M&A Deal Summary

IRC Retail Centers and PGGM Acquire Red Top Plaza

On June 2, 2011, IRC Retail Centers and PGGM acquired real estate company Red Top Plaza for 20M USD

Acquisition Highlights
  • This is IRC Retail Centers’ 16th and PGGM’s 1st transaction in the Real Estate sector.
  • This is IRC Retail Centers’ 18th and PGGM’s 5th largest (disclosed) transaction.
  • This is IRC Retail Centers’ 16th and PGGM’s 1st transaction in the United States.
  • This is IRC Retail Centers’ 8th and PGGM’s 1st transaction in Illinois.

M&A Deal Summary
Date 2011-06-02
Target Red Top Plaza
Sector Real Estate
Buyer(s) IRC Retail Centers
PGGM
Deal Type Joint Venture
Deal Value 20M USD

Target

Red Top Plaza

Illinois, United States
Red Top Plaza, a 151,840 square foot neighborhood shopping center is anchored by SUPERVALU INC.’s Jewel-Osco, the leading grocery retailer in the Chicagoland area with a market share of 40 percent.

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Buyer(S) 2

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 16 of 32
Sector: Real Estate M&A 16 of 32
Type: Joint Venture M&A Deals 1 of 9
State: Illinois M&A 8 of 9
Country: United States M&A 16 of 32
Year: 2011 M&A 2 of 4
Size (of disclosed) 18 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-06 Net-leased Grocery Store

Chicago,, Illinois, United States

Net-leased Grocery Store is a 66,393-square-foot, single-tenant retail property leased to Mariano’s Fresh Market, Roundy’s Supermarkets Inc.’s newest grocery store concept.

Buy $21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-29 Brownstones Shopping Center

Wisconsin, United States

Brownstones Shopping Center is a grocery-anchored center includes 137,800 square feet of GLA and is anchored by Metro Market, an upscale grocery concept from Roundy’s Supermarkets, Inc.,

Buy $24M
Buyer

PGGM

Zeist,, Netherlands
Category Company
Sector Financial Services
DESCRIPTION

PGGM is a pension fund service provider and manage the pensions for different pension funds. Currently, Company manage pension assets worth in excess of approximately EUR 188,7 billion.

DEAL STATS #
Overall 1 of 11
Sector: Real Estate M&A 1 of 8
Type: Joint Venture M&A Deals 1 of 7
State: Illinois M&A 1 of 2
Country: United States M&A 1 of 7
Year: 2011 M&A 1 of 3
Size (of disclosed) 5 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-29 Brownstones Shopping Center

Wisconsin, United States

Brownstones Shopping Center is a grocery-anchored center includes 137,800 square feet of GLA and is anchored by Metro Market, an upscale grocery concept from Roundy’s Supermarkets, Inc.,

Buy $24M
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