Mergers & Acquisitions

Los Angeles -- CBRE Group, Inc. announced that Spencer Levy has been appointed Americas head of research. Levy, a seven-year veteran of CBRE, had previously served as executive managing director in the company’s Capital Markets Group. His most recent duties included oversight of CBRE Capital Market’s Corporate Advisory, Auction and Latin America operations. He also directly serves a number of major clients.  

Dr Pepper Snapple Group has signed a non-binding letter of intent to acquire the business assets of Davis Beverage Group and Davis Bottling Co.

If completed, the acquisition would include most of Davis’ direct store delivery territory in Pennsylvania and a portion of its New Jersey territory, as well as its production and distribution facilities, delivery vehicles, vending equipment and other assets.

Palm Beach, Fla. -- On behalf of DMD Restaurant Group, JLL announced the firm has closed the sale of the former Carraba’s Restaurant, located at 2224 Palm Beach Lakes, West Palm Beach, Florida. DMD Restaurant Group plans to demolish the 1.7 acre site and construct a new free-standing, 8,500-sq.-ft. Twin Peaks restaurant with a 2,000-square-foot patio.

Houston -- In a deal that will create a national specialty bedding retail powerhouse, Mattress Firm Holding Corp. has agreed to acquire rival The Sleep Train Inc. for about  $425 million. As part of the deal, Mattress Firm said that it will also assume certain additional liabilities totaling about $15 million.

Sleep Train operates approximately 310 specialty mattress stores, primarily in California, Oregon, and other Western states. It reported net sales of $471 million for the 2013 fiscal year.

Tiffany & Co. has named Jill Beraud as an EVP, effective Oct. 13. Beraud will be responsible for global retail operations, including all sales channels in every region, as well as oversight of strategic store development and real estate.

“We are delighted that Jill will join our management team and believe that she can further enhance our regional and global capabilities to support Tiffany’s continued sales and earnings growth,” said Michael J. Kowalski, chairman and CEO.

Dallas -- CBRE’s National Retail Investment Group announced the sale of Centennial Plaza, a 233,797-sq.-ft. power center in Oklahoma City, on behalf of Kimco Realty Corp., to American Realty Capital-Retail Centers of America.

Centennial Plaza, at 100% occupancy, is tenanted by Home Depot, Best Buy, Gordmans and Guitar Center. Home Depot’s Centennial Plaza location is the retailer’s first and only urban location in the city.
 

Dallas - The Retail Services business of Alliance Data Systems Corp. has signed a multi-year agreement to provide co-brand and private label credit card services for Meijer. Alliance Data will provide credit card marketing services for the Meijer store-branded credit card and the Meijer Platinum MasterCard, which will offer card members the opportunity to accrue Meijer Rewards points for every dollar spent at Meijer, Meijer gas stations and Meijer.com, as well as on all other purchases made with the card.