International Market Centers is continuing its push into Atlanta.
The company, which owns the Las Vegas Market, Atlanta Market and most of the showroom property in High Point, has reached an agreement to acquire the Atlanta Decorative Arts Center on the heels of the recent merger between IMC and AmericasMart Atlanta, which was completed on July 20.
The ADAC purchase is expected to be completed by late September. Financial terms of the transaction were not disclosed.
Katie Miner, who has served as ADAC general manager since 2012, will continue in her current role under IMC ownership. IMC CEO Robert Maricich 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,” said 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.”
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.
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.
This article was modified from a press release issued by Americasmart.
Thomas Lester covers rugs, top-of-bed and a variety of other topics for Designers Today. In addition, he covers these subjects for several of Progressive Business Media’s properties, including Furniture/Today, Home Accents Today and Kids Today. He’s been a professional journalist since 2000, covering everything from local and major collegiate sports to local government, schools, crime and courts.
When he’s not working, Lester enjoys spending time with his wife and son, running, reading, watching football and baseball and playing music. He’s a decent enough bass guitarist and he’s starting to get the hang of the six string.