M&A Deal Summary

IRC Retail Centers Acquires Showplace Theatre Center

On March 9, 2005, IRC Retail Centers acquired real estate company Showplace Theatre Center

Acquisition Highlights
  • This is IRC Retail Centers’ 5th transaction in the Real Estate sector.
  • This is IRC Retail Centers’ 5th transaction in the United States.
  • This is IRC Retail Centers’ 3rd transaction in Illinois.

M&A Deal Summary
Date 2005-03-09
Target Showplace Theatre Center
Sector Real Estate
Buyer(s) IRC Retail Centers
Deal Type Add-on Acquisition

Target

Showplace Theatre Center

Crystal Lake, Illinois, United States
Showplace Theatre Center, a 94,860 square-foot multi-tenant retail center is 98% occupied and is anchored by Regal Showplace 16. Other tenants at the center include Bennigan's, Back to Bed, Cingular Wireless , Noodles & Company and a professional building.

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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 5 of 32
Sector (Real Estate) 5 of 32
Type (Add-on Acquisition) 5 of 23
State (Illinois) 3 of 9
Country (United States) 5 of 32
Year (2005) 3 of 5
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
2005-04-29 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
Mergr

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