$18 MILLION, 527,661-SQUARE-FOOT SALE LEASEBACK COMPLETED

HOFFMAN ESTATES, ILL. — Angelo Gordon Net Lease Fund has acquired a 527,661-square-foot distribution center through a long-term sale-leaseback transaction with Claire’s Stores. Located at 2400 W. Central Road, the property sold for $18 million. The property, which contains 21.7 percent office space, serves as Claire’s Stores’ headquarters and distribution center for the company’s North American stores. Robert Brennan, Andrew Sandquist, Jonathan Wolfe, John Suerth and Jason Lev of CB Richard Ellis represented the seller, Claire’s Stores, in the transaction.