ATLANTA, HIGH POINT, NC and LAS VEGAS—International Market Centers, which Blackstone acquired last year, and AmericasMart — both operators in the furniture, gift, home décor, rug and apparel B2B industries — have agreed to combine to create what they say will be the world's largest owner and operator of showroom space. Financial terms of the deal were not disclosed.
The combined entity, which will be called International Market Centers, will own and operate nearly 20 million square feet of permanent showroom space in Las Vegas, High Point and Atlanta. The individual markets and their respective venues will continue to operate under existing names and branding.
The creation of architect-developer John Portman, AmericasMart houses home decor, gift, area rug and apparel merchandise in a downtown Atlanta complex that is over 7.1 million square feet. AmericasMart hosts 17 annual markets and shows.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
