April 7, 2010 (FinancialWire) — CapLease, Inc. (NYSE: LSE) said it has closed on separate common stock and series A preferred stock offerings. The offerings have raised around $55 million of additional capital, according to the company.

CapLease said it plans to use for one or more of the following purposes: reducing recourse debt obligations, including our credit facility which currently stands at $110.5 million outstanding, adding new portfolio investments and other general corporate purposes.

The series A preferred stock offering raised $40 million of net proceeds to the company. The shares were issued at a price of $23.06 per share, resulting in an annual dividend yield of 9.00% inclusive of the 8.125% annual dividend rate on the shares.

The offering of common stock raised $15 million of net proceeds to the company. The shares of common stock were issued to an affiliate of Golden Gate Capital at a price of $4.77 per share.

New York-based CapLease is a real estate investment trust, or REIT, that invests primarily in single tenant commercial real estate assets subject to long-term leases to tenants.

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