Bucksbaum Properties Acquires Plaza La Mer, Expanding Its Retail Portfolio To Juno Beach, Florida
Sep 26, 2023•almost 2 years ago
Acquiring Company
Bucksbaum Properties
Acquired Company
Plaza La Mer
Real EstateHospitalityRetail
Description
Bucksbaum Properties, LLC, a real estate owner and developer based in Chicago, announces its recent acquisition of Plaza La Mer, a prominent neighborhood shopping center located in Juno Beach, Florida. This strategic investment continues Bucksbaum's neighborhood retail investment initiative with plans for continued growth in new markets including Florida.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed