IMC Acquires Atlanta Decorative Arts Center
International Market Centers (IMC) has entered into an agreement to acquire the Atlanta Decorative Arts Center (ADAC), a leading design facility housing the Southeast’s largest collection of luxury furnishings for residential, hospitality and commercial applications. This announcement follows the recent merger between IMC and AmericasMart Atlanta, which was finalized on July 20, 2018. The ADAC purchase is expected to be completed by late September. Financial terms of the transaction were not disclosed.
Opened in 1961 in Atlanta’s Buckhead district, the 550,000-square foot ADAC property houses more than 60 showrooms and 27 design studios open to interior designers, architects, builders and design enthusiasts.
With its curated mix of premium furniture, fabrics, rugs, wallcoverings, antiques, accessories, kitchens, bath and tile products presented by top manufacturers, ADAC has long been a preferred destination for the southeastern design community.
The acquisition brings ADAC into the IMC national home furnishings network to create strategic business opportunities among all properties, most notably with IMC’s AmericasMart Atlanta, which houses complementary home-furnishings product resources serving the national and international design and retail community. With the addition of ADAC to its portfolio, IMC becomes the world’s largest owner and operator of trade mart properties encompassing more than 20 million square feet of facilities serving the global home furnishings, design and fashion apparel sectors.
Katie Miner, who has served as ADAC general manager since 2012, will continue in her current role under IMC ownership. Robert Maricich, IMC Chief Executive Officer, will lead the combined entity. “ADAC is a trusted resource for many of the nation’s most respected designers and is a dominant force in the southeastern design community,” notes Maricich. “We applaud its sustained success under Katie’s leadership and look forward to the continued growth she envisions across a broad spectrum of innovations and opportunities. ADAC is distinguished by an extraordinary history, select product mix and diverse customer base. It becomes an essential addition to our design community franchise,” Maricich adds.
ADAC will continue to operate under its long-standing branded identity. Together with AmericasMart, it constitutes an IMC Atlanta presence of more than 7.7 million square feet of wholesale and design product resources.