M&A Deal Summary |
|
|---|---|
| Date | 2012-02-29 |
| Target | Stone Creek Towne Center |
| Sector | Real Estate |
| Buyer(s) |
IRC Retail Centers
PGGM |
| Deal Type | Joint Venture |
| Deal Value | 36M USD |
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| Category | Company |
|---|---|
| Founded | 1994 |
| Sector | Real Estate |
| Employees | 141 |
| Revenue | 204M USD (2014) |
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 | 21 of 32 |
| Sector: Real Estate M&A | 21 of 32 |
| Type: Joint Venture M&A Deals | 6 of 9 |
| State: Connecticut M&A | 1 of 1 |
| Country: United States M&A | 21 of 32 |
| Year: 2012 M&A | 3 of 4 |
| Size (of disclosed) | 7 of 30 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-02-24 |
Silver Lake
Minnesota, United States Silver Lake Village, a grocery-anchored community center totals approximately 159,303 square feet of gross leasable area (GLA), plus a 144,046-square-foot Wal-Mart store on a ground lease. |
Buy | $36M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-03-06 |
Westgate Shopping Center
Fairview Park, Ohio, United States Westgate Shopping Center, a grocery-anchored power center totals approximately 474,000 square feet of gross leasable area (GLA), including a 119,700-square-foot Lowe’s Home Improvement store on a ground lease. The center’s excellent visibility and infill location in an affluent suburban market contribute to its 94 percent occupancy rate. |
Buy | $73M |
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 | 5 of 11 |
| Sector: Real Estate M&A | 5 of 8 |
| Type: Joint Venture M&A Deals | 5 of 7 |
| State: Connecticut M&A | 1 of 1 |
| Country: United States M&A | 5 of 7 |
| Year: 2012 M&A | 2 of 2 |
| Size (of disclosed) | 3 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-02-24 |
Woodbury Commons
United States Woodbury Commons, a community center totals 116,197 square feet of GLA, and its tenants include Outback Steakhouse, Applebee’s, Hancock Fabrics, Payless Shoe Source and Sally Beauty Supply. |
Buy | $10M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-19 |
Fort Smith Pavilion
Fort Smith, Arkansas, United States Fort Smith Pavilion is a regional power center consisting of 415,000 square feet of gross leasable area, including shadow anchor Target. |
Buy | $43M |
