IMC Completes Purchase Of Atlanta Decorative Arts Center
International Market Centers (IMC) announced that the acquisition of the Atlanta Decorative Arts Center (ADAC), a leading design center housing the Southeast’s largest collection of luxury furnishings for residential, hospitality and commercial applications, has been completed. The ADAC acquisition follows the previous merger between IMC and AmericasMart Atlanta earlier this year. 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. ADAC is a preferred destination for the southeastern design community and features a curated mix of premium furniture, fabrics, rugs, wallcoverings, antiques, accessories, kitchens, bath and tile products presented by top manufacturers.
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.
“Since the announcement of the acquisition, we have received a tremendous amount of positive reaction from the design community,” Miner said. “Our new path under IMC ownership represents an exciting new phase for ADAC and we’re looking forward to our next stage of growth and service to the design community.”
“We are pleased to officially welcome ADAC to the IMC family,” said Maricich. “ADAC is a valuable partner and trusted resource for many of the nation’s most respected designers and is a dominant force in the southeastern design community. We anticipate continued success and growth under Katie’s leadership and welcome this addition to our design community franchise.”
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. IMC is 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 in Atlanta, Las Vegas and High Point, N.C.