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Jos A. Bank Properties For Sale 

    



Interested in Purchasing a Jos A. Bank Property for Investment?

 

If you wish to purchase a Jos A. Bank property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net Jos A. Bank Properties for sale in Washington DC, Maryland, Virginia and the entire United States. 

 

 

jos a bank

 

 
Price: 

$1M - $3M


Lease Term
:

10 – 15 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate
CAP Rate Ranges:
6% – 7%
Subsidiary
Industry Clothier
Founded Baltimore, Maryland, 1905
Founder Charles Bank
Joseph A. Bank
Headquarters Hampstead, Maryland,U.S.
Key people
Douglas S. Ewert, CEO
Jon W. Kimmins, CFO & EVP
Products Men's Clothing
Revenue US$ 1.04 billion (2012) [1]
US$ 128.4 million (2012) [1]
US$ 79.6 million (2012) [1]
Total assets US$ 894 million (2012) [1]
Total equity Increase US$ 667.5 million (2012) [1]
Number of employees
6340 [1]
Parent Men's Wearhouse
Website www.josbank.com
 

About Jos A. Bank:

 

Joseph A. Bank Clothiers, Inc. , also known by the abbreviated name JoS. A. Bank Clothiers ,[a]is a retailer of men's clothing, particularly known for its moderately-priced suits. The company, established in 1905, now sells its products through over 800 stores in 42 states and the District of Columbia, as well as through a nationally distributed catalog and an e-commerce website.[2]The company has its headquarters in Hampstead , Carroll County,  Maryland .[3][4]   

 

Charles Bank came to Baltimore, Maryland, fromLithuania in 1866 and opened a small tailor shop in the city. By the start of the 20th century, he had branched out into the manufacturing of pants and his grandson, Joseph A. Bank, joined his small company in 1898 as a cloth cutter when he was 11 years old. Over the next ten years, Joseph became a wholesale salesperson, traveling in the South to sell pants. 

In 1905, Moses Hartz established a men’s clothing manufacturing company which was taken over by his widow Lena Hartz in 1921. Their daughter, Anna Hartz, was a traveling salesperson for the firm. Although they were rivals in business, Anna married Joseph Bank. In 1922, Joseph joined forces with his new mother-in-law and formed L. Hartz and Bank. [5]This new company manufactured and sold suits to retailers throughout the region.

 

 

Over the years, the company grew and prospered and in 1940, they purchased a building on Hopkins Place in Baltimore  to house their offices, showroom, shipping area and cutting department. In 1945, Joseph Bank and his son, Howard, bought out the Hartz interest in the company and formed JoS. A. Bank and Co.[6] 

Following  World War II, there was a severe shortage of men's tailored clothing. A decision was made to specialize in that merchandise and to sell directly to the consumer, rather than wholesale. As a result, a deal was struck with a retailer, Louie's, Inc., in Washington, D.C., to sell their clothing.

 

 

In 1954, Joseph Bank died and operation of the company was assumed by Howard. 

By 1981, JoS. A. Bank had 11 retail stores and a growing catalog business. That year, the company was purchased by the Quaker Oats Company and became part of their Specialty Retailing group along with Eyelab and Brookstone. That relationship proved mutually beneficial, and by 1985, there were 25 stores. In 1986, Quaker decided to concentrate its efforts on its core businesses and JoS. A. Bank once again became a privately owned corporation. In 1992, their expansion included a franchise  concept. In the spring of 1994, JoS. A. Bank Clothiers became a publicly owned company, trading its stock through the NASDAQ  stock exchange (JOSB). 

In 1998, JoS. A. Bank Clothiers sold its manufacturing division and now out-sources its production. This has enabled the company to focus on its retail business. Much of the tailored clothing is “factory direct”. 

 

JoS. A. Bank launched its Internet site in August 1998. 

On 12 November 2013, Ricky Sandler, CEO of Eminence Capital LLC, published a letter he sent to Men's Wearhouse CEO Douglas Ewert discussing a merger with Jos. A. Bank Clothiers Inc as part of an ongoing attempt by JoS. A. Bank to merge with Men's Wearhouse.  [7] In December 2013, JoS. A Bank turned down the takeover offer from competitor Men’s Wearhouse, saying the $1.54 billion bid was too low. [8] 

 

 

On February 14, 2014, Jos. A. Bank Clothiers announced plans to buy outdoor retailerEddie Bauer in a $825 million deal.[9] Men’s Wearhouse quickly filed a lawsuit to block the proposed deal, on the basis that it served only to make Jos. A. Bank an undesirable acquisition target.[10] The lawsuit was expedited by Delaware Judge J. Travis Laster, who agreed that the Eddie Bauer deal was likely defensive posturing on the part of Jos. A. Bank. According to Laster, the Eddie Bauer transaction may well have fallen “outside the range of reasonableness.”[11] Laster ordered Jos. A. Bank to submit documents pertaining to the acquisition and required it to notify Men’s Wearhouse at least 10 days before closing a deal with Eddie Bauer. On March 11, 2014, JoS. A. Bank and Men's Wearhouse announced that both boards of directors had agreed to merge, with Men's Wearhouse acquiring Bank for $1.8 billion. As part of the deal, Bank would terminate its agreement to acquire Eddie Bauer. 

 

Jos A. Bank Properties For Sale Across the United States :

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming  



 

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