In a joint press release (opens in a new tab) dated May 15, 2018, it has been announced that International Market Centers (IMC) and AmericasMart in Atlanta will combine into an entity to be known as International Market Centers. The total permanent showroom space will be 20 million square feet in three cities: Atlanta and High Point east of the Mississippi and Las Vegas in the west.
Robert Maricich, the current Chief Executive Officer of IMC, will become Chief Executive Officer of the combined entity. Jeffery L. Portman, Sr., son of AmericasMart founder John Portman, will serve as an advisor to the IMC Board.
“IMC has always had immense respect for AmericasMart and its founders, the Portman family, who established a tremendous reputation in the industry, We look forward to bringing together our two companies to provide exhibitors with exceptional access to global Markets,” Maricich said, “and buyers with even more convenient opportunities to explore top products across sectors.”
Atlanta Buyers Crowd Temporaries“AmericasMart has long served as a crossroads of commerce,” noted Jeffrey L. Portman, Sr. “This joining of the incredibly powerful talents and resources present in both organizations will sustain and advance that role for the ultimate benefit of the customers we jointly serve.”
The late John Portman, Atlanta architect and developer, founded AmericasMart in the 1960s as part of the 14-block Peachtree Center complex, which includes retail, office buildings and hotels in addition to the three market buildings. Portman’s properties were instrumental in making Atlanta a convention destination.
IMC has recently committed to building an additional 350,000 square feet in Las Vegas and acquiring/constructing two new buildings in High Point.
The transition is expected to close in the third quarter of 2018.
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