M&A Deal Summary

IRC Retail Centers Acquires The Point at Clark

On July 19, 2010, IRC Retail Centers acquired real estate company The Point at Clark for 29M USD

Acquisition Highlights
  • This is IRC Retail Centers’ 11th transaction in the Real Estate sector.
  • This is IRC Retail Centers’ 8th largest (disclosed) transaction.
  • This is IRC Retail Centers’ 11th transaction in the United States.
  • This is IRC Retail Centers’ 6th transaction in Illinois.

M&A Deal Summary
Date 2010-07-19
Target The Point at Clark
Sector Real Estate
Buyer(s) IRC Retail Centers
Deal Type Add-on Acquisition
Deal Value 29M USD

Target

The Point at Clark

Chicago, Illinois, United States
The Point at Clark, a multi-level retail center with 95,455 square feet of leasable retail area plus on premises parking for 175 cars.The Point at Clark retail center is leased to market-leading retailers DSW Shoe Warehouse, Marshalls and Michaels and is 100 percent financially occupied.

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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 11 of 32
Sector (Real Estate) 11 of 32
Type (Add-on Acquisition) 11 of 23
State (Illinois) 6 of 9
Country (United States) 11 of 32
Year (2010) 1 of 4
Size (of disclosed) 8 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-19 Apache Shoppes

Rochester, Minnesota, United States

Apache Shoppes, a 60,780 square-foot community center as currently vacant space is leased. Major tenants at the center include Cost Plus World Market and Linens N Things.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-28 Farnam Tech Center

Omaha, Nebraska, United States

Farnam Tech Center is a 118,000-square-foot comprised of two, two-story office buildings leased to TD Ameritrade and Prime Therapeutics.

Buy $18M
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