(For more retail coverage, click GlobeSt.com/RETAIL.)

Sean Ryan is associate editor of Real Estate New Jersey.

CLIFTON, NJ- Apollo Management and NRDC Real Estate Advisors have closed on their $1.3-billion acquisition of Linens 'n Things. LNT will now be privately owned.

The locally based retailer put itself up for sale last year, after a 10.1% drop in same store sales. The acquisition was initially approved by stockholders last November. Under the terms of the agreement, Linens 'n Things' stockholders are to receive $28 per share in cash. Last year, sales for the chain were $2.7 billion.

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