Deals

New York City -- Mattress Firm Holding Corp. raised about $105.6 million after pricing its initial public offering at the top of its expected range.

The retailer priced the IPO of 5.6 million shares at $19 each. It had expected shares to sell initially for $17 to $19 each.

Mattress Firm said it will use most of the offering's net proceeds — about $95 million after expenses — to repay $84.4 million in debt and pay fees to its biggest shareholder, Boston private equity firm J.W. Childs.

Cleveland -- CenterMark Development said it has signed a lease with Deal$, a division of Dollar Tree, to occupy an 11,000‐sq.-ft., former Easttown Eagle Market building in the Glenville neighborhood of Cleveland.

CenterMark purchased the long‐vacant building in October and said it expects to complete the rehabilitation by the spring of 2012. A grand opening is expected during the second quarter following interior improvements by Deal$.
 

Indianapolis -- Simon Property Group announced a joint venture with Woodmont Outlets and EWB Development to develop, lease and manage St. Louis Premium Outlets, a new upscale outlet center in Chesterfield, Mo. 

The new outlet center, which was announced in October as Spirit of St. Louis Outlets, will be comprised of 55 acres and will anchor Chesterfield Blue Valley, a mixed-use development to include office space, hotel, restaurant and entertainment venues. 

Dallas -- SRS Real Estate Partners announced it has hired Kyle Stonis as a senior VP in the Atlanta office.

Stonis will focus on strengthening the investment sales platform for SRS in Atlanta and throughout the Southeast.

Previous to SRS, Stonis worked for Bull Realty in Atlanta as a retail investment broker and senior VP.

Dallas -- Cake retailer Nothing Bundt Cakes said it is expanding its Texas presence with four new leases.

The retailer worked with Venture Commercial Real Estate to negotiate new stores in Arlington, Frisco, Flower Mound and Rockwall.

Nothing Bundt Cakes entered the North Texas market in 2007 with a Southlake store and has since added locations in Dallas, Fort Worth and McKinney. The four new leases will bring the total to eight locations open by the end of 2011, with plans to open stores in Plano and the Lake Highlands area in 2012.

New York City -- Mattress retailer Mattress Firm Holding Corp. expects to raise about $100 million in an initial public offering to pay down its debt, the Associated Press reported.

The company is offering 5.6 million shares, and expects them to price from $17 to $19 each. After expenses the company anticipates net proceeds of about $90 million.

Most of the proceeds will go toward repaying $84.4 million in debt outstanding under a loan.

Mattress Firm and its franchisees run 757 stores in 25 states.

Matthews, N.C. -- Family Dollar has entered the state of California, opening four stores, in Ontario, Rialto, Riverside and Fontana.

The discounter plans to open 450-500 new stores in fiscal 2012.

Mooresville, N.C. -- Lowe's Cos. reported Monday that net income for the quarter ended Oct. 28 dropped 44% as store-closing charges undercut a slight uptick in quarterly sales.

The home-improvement retailer reported net earnings of $225 million, compared with $404 million in the year-ago period. Charges related to store closures amounted to a pre-tax earnings reduction of $336 million.

Sales increased 2.3% to $11.9 billion, up from $11.6 billion a year earlier. Same-store sales edged up 0.7%, reversing declines in two prior quarters.