{"id":1004019295,"date":"2010-04-12T08:24:04","date_gmt":"2010-04-12T16:24:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004019295"},"modified":"2022-12-09T02:17:12","modified_gmt":"2022-12-09T10:17:12","slug":"1004019295","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/1004019295\/","title":{"rendered":"Angelo, Gordon Completes $18.1M Sale-Leaseback with Claire\u2019s Stores"},"content":{"rendered":"

April 12, 2010
\nBy Allison Landa, News Editor<\/p>\n

\"\"<\/a>

Courtesy Flickr Creative Commons user Cam Switzer<\/p><\/div>\n

As part of a slate of distressed-asset transactions currently taking place in the market, alternative investment firm Angelo, Gordon & Co.\u2019s net lease group has acquired the headquarters and sole North American distribution center of fashion retailer Claire\u2019s Stores, Inc. The deal totaled $18.1 million.<\/p>\n

A portfolio investment of Apollo Management since 2007, the Hoffman Estates, Ill.-based Claire\u2019s reported some growth in the fourth quarter, reporting net income of $19.47 million as opposed to a loss of $569.54 million during the same period the previous year. It has been reported that Claire\u2019s wishes to expand its offerings this year.<\/p>\n

\u201cTheir pricing and merchandising mix is well positioned for the current economic climate,\u201d AG Net Lease managing director Teddy Kaplan said while announcing the news, \u201cand this transaction helped to prepare the company for continued growth as our economy recovers.\u201d<\/p>\n

Claire\u2019s was represented by CB Richard Ellis on the sale-leaseback. <\/p>\n

Angelo, Gordon & Co was founded in 1988 and provides alternative investment products with $22 billion in assets under management. Its core strategies include distressed real estate, private equity, mortgage-backed securities and multi-strategy. It is headquartered in New York City with offices in Chicago, Los Angeles, Hong Kong, Tokyo, Seoul and London.<\/p>\n

AG Net Lease provides sale-leaseback financing and purchasing net leased corporate real estate on a global scale in transactions ranging from $5 million to $300 million. <\/p>\n","protected":false},"excerpt":{"rendered":"

As part of a slate of distressed-asset transactions currently taking place in the market, alternative investment firm Angelo, Gordon & Co.\u2019s net lease group has acquired the headquarters and sole North American distribution center of fashion retailer Claire\u2019s Stores, Inc.<\/p>\n","protected":false},"author":936,"featured_media":1004019296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,21749],"tags":[],"class_list":["post-1004019295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-retail"],"acf":[],"yoast_head":"\nAngelo, Gordon Completes $18.1M Sale-Leaseback with Claire\u2019s Stores - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/1004019295\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Angelo, Gordon Completes $18.1M Sale-Leaseback with Claire\u2019s Stores\" \/>\n<meta property=\"og:description\" content=\"As part of a slate of distressed-asset transactions currently taking place in the market, alternative investment firm Angelo, Gordon & Co.\u2019s net lease group has acquired the headquarters and sole North American distribution center of fashion retailer Claire\u2019s Stores, Inc.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/1004019295\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-04-12T16:24:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:17:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/Cam-Switzer.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/1004019295\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/1004019295\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"Angelo, Gordon Completes $18.1M Sale-Leaseback with Claire\u2019s Stores\",\"datePublished\":\"2010-04-12T16:24:04+00:00\",\"dateModified\":\"2022-12-09T10:17:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/1004019295\\\/\"},\"wordCount\":255,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/1004019295\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/04\\\/Cam-Switzer.jpg\",\"articleSection\":[\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/1004019295\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/1004019295\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/1004019295\\\/\",\"name\":\"Angelo, Gordon Completes $18.1M Sale-Leaseback with Claire\u2019s Stores - 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