News broke this morning that International Market Centers has entered into an agreement to acquire the Atlanta Decorative Arts Center. ADAC general manager Katie Miner, who has served in the role since 2012, will continue in her position, while Robert Maricich, IMC chief executive officer, will oversee the new group. The center will retain its current branding.
IMC had acquired fellow Atlanta design center AmericasMart back in May, rendering IMC the largest operator of showrooms in the world. This latest acquisition makes it the world’s largest owner and operator of trade market properties.
“ADAC is a trusted resource for many of the nation’s most respected designers and is a dominant force in the Southeastern design community,” says 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."
The 550,000-square-foot ADAC campus, founded over a half-century ago by architect and developer John Portman, is home to 60-plus high-end showrooms and 27 design studios.