{"id":1004230412,"date":"2018-05-17T03:44:53","date_gmt":"2018-05-17T11:44:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004230412"},"modified":"2022-12-08T17:24:12","modified_gmt":"2022-12-09T01:24:12","slug":"blackstones-international-market-centers-to-buy-americasmart","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstones-international-market-centers-to-buy-americasmart\/","title":{"rendered":"Blackstone\u2019s International Market Centers to Buy AmericasMart"},"content":{"rendered":"<p>By Barbra Murray<\/p>\n<div id=\"attachment_1004230426\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/AmericasMart-240-Peachtree-St.-N.W.-Atlanta.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004230426\" data-attachment-id=\"1004230426\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/blackstones-international-market-centers-to-buy-americasmart\/americasmart-240-peachtree-st-n-w-atlanta\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/AmericasMart-240-Peachtree-St.-N.W.-Atlanta.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"AmericasMart, 240 Peachtree St. N.W., Atlanta\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;AmericasMart, 240 Peachtree St. N.W., Atlanta&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/AmericasMart-240-Peachtree-St.-N.W.-Atlanta.jpg?w=800\" class=\"wp-image-1004230426 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/AmericasMart-240-Peachtree-St.-N.W.-Atlanta.jpg\" alt=\"AmericasMart, 240 Peachtree St. N.W., Atlanta\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/AmericasMart-240-Peachtree-St.-N.W.-Atlanta.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/AmericasMart-240-Peachtree-St.-N.W.-Atlanta.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/AmericasMart-240-Peachtree-St.-N.W.-Atlanta.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004230426\" class=\"wp-caption-text\">AmericasMart, 240 Peachtree St. N.W., Atlanta<\/p><\/div>\n<p>Only eight months after Blackstone completed its joint venture <a href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-closes-acquisition-of-international-market-centers\/\">acquisition of International Market Centers<\/a>, the global investment firm reveals plans for a merger that will make IMC\u2014already the world&#8217;s largest owner and operator of premier showroom space for the furniture, home decor and gift industries\u2014an even more prominent player on the global stage. IMC just signed a deal to acquire AmericasMart, operator of the 7.1 million-square-foot AmericasMart exhibition center in Atlanta.<\/p>\n<p>The merger of IMC and AmericasMart, expected to close in the third quarter, will serve as a springboard for something much larger. In a prepared statement, Tyler Henritze, a senior managing director with Blackstone, said the company will <em>\u201cfurther invest in and strengthen AmericasMart and, with our prior acquisition, create the global leader in the permanent showroom business.\u201d\u00a0<\/em><\/p>\n<p>&nbsp;<\/p>\n<div id=\"attachment_1004230416\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/AmericasMart-75-John-Portman-Blvd.-N.W.-Atlanta.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004230416\" data-attachment-id=\"1004230416\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/blackstones-international-market-centers-to-buy-americasmart\/americasmart-75-john-portman-blvd-n-w-atlanta\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/AmericasMart-75-John-Portman-Blvd.-N.W.-Atlanta.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"AmericasMart, 75 John Portman Blvd. N.W., Atlanta\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;AmericasMart, 75 John Portman Blvd. N.W., Atlanta&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/AmericasMart-75-John-Portman-Blvd.-N.W.-Atlanta.jpg?w=800\" class=\"wp-image-1004230416 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/AmericasMart-75-John-Portman-Blvd.-N.W.-Atlanta.jpg\" alt=\"AmericasMart, 75 John Portman Blvd. N.W., Atlanta\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/AmericasMart-75-John-Portman-Blvd.-N.W.-Atlanta.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/AmericasMart-75-John-Portman-Blvd.-N.W.-Atlanta.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/AmericasMart-75-John-Portman-Blvd.-N.W.-Atlanta.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004230416\" class=\"wp-caption-text\">AmericasMart, 75 John Portman Blvd. N.W., Atlanta<\/p><\/div>\n<p>The combined company, which will do business as International Market Centers, will own and operate approximately 20 million square feet of permanent showroom accommodations and will be the largest owner and operator of premier showroom space worldwide.<\/p>\n<p>&nbsp;<\/p>\n<p>AmericasMart is the single-largest marketplace for the home d\u00e9cor, gift, area rug and apparel trades in the world, and will give IMC a new presence in the latter two arenas. The campus is the brainchild of architect-developer John Portman, who introduced the downtown Atlanta exhibition venue as a single facility in 1961. Today, AmericasMart offers square footage spanning three buildings: 240 Peachtree St. N.W., 40 John Portman Blvd. N.W. and 75 John Portman Blvd. N.W.\u00a0The Portman name will remain an active part of AmericasMart, as Jeffrey Portman. Sr. will take on the role of advisor to IMC\u2019s board.<\/p>\n<h2>Opportunity awaits<\/h2>\n<p>The U.S. is the largest market for trade shows in the global exhibitions market, according to a report by Arizton Advisory &amp; Intelligence, and expansion is on the horizon. Economic growth and user demand for larger, modernized accommodations are expected to drive the business-to-business exhibitions market through 2023.<\/p>\n<p>Blackstone and IMC are acting accordingly, with plans for the addition of a 350,000-square-foot convention and exposition center at IMC\u2019s Las Vegas campus, as well as acquisition, construction and renovation activities at the High Point, N.C., location.<\/p>\n<p><em>Images courtesy of\u00a0AmericasMart<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The merger, expected to close in the third quarter, will yield a company with 20 million square feet of permanent showroom accommodations.<\/p>\n","protected":false},"author":969,"featured_media":1004230426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21808,21742,21749],"tags":[33129,36658],"class_list":["post-1004230412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-featured","category-latest","category-retail","tag-the-blackstone-group","tag-tyler-henritze"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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