STAG completes sale/leaseback with Goody’s Family Clothing

Deal involves properties in 2 states
Published on Feb 24, 2006

STAG Capital Partners has purchased approximately 750,000 square feet of office, warehouse and distribution facilities located in Knoxville, Tenn., and Russellville, Ark., as part of a 20-year sale/leaseback transaction with Goody's Family Clothing Inc. The value of the transaction was not disclosed. Goody's is a retailer of moderately priced family apparel with 381 stores located in small- to mid-sized markets in the Southeast, Midwest and Southwest regions of the United States. The sale-leaseback was completed in conjunction with the December 2005 acquisition of Goody's by Prentice Capital Management LP and affiliates, and GMM Capital LLC. STAG Capital Partners actively acquires single-tenant, net leased properties, which include warehouse, flex, manufacturing, and office buildings. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....

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