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  • Mattress Firm completes Sleep Train acquisition

    Houston –- Mattress Firm Holding Corp. has completed its $245 million acquisition of West Coast bedding specialty retailer The Sleep Train Inc. Sleep Train operates approximately 310 specialty mattress retail stores located in California, Oregon, Washington, Idaho, Nevada and Hawaii, and reported net sales of approximately $471 million for the 2013 fiscal year.  
  • iWallet bolsters board

    iWallet Corporation, a secure luxury “techcessories” company, has appointed three new members to its board of directors including Carl Rosen, former COO of Bulova, then international consumer luxury goods company; Charles Ng, VP of sales at NEXT Biometrics and the former North American director of sales for Fingerprint Cards and sales director for Authentec, a biometric fingerprint technology; and Anthony Durkacz, EVP of the investment firm First Republic Capital Corporation.

  • Mid-America Real Estate handles sale of Birch Run Station in Minneapolis MSA

    Maplewood, Minn. -- Mid-America Real Estate Corporation’s investment sales team recently brokered the sale of Birch Run Station in Maplewood, Minnesota. The 278,347-sq.-ft. center was purchased by Greenwood Village, Colorado-based GDA Real Estate for $27.35 million.

    Birch Run Station is located at the northwest quadrant of Beam Avenue and Southlawn Drive adjacent to the Maplewood Mall. The center is anchored by Marshalls, Jo-Ann Stores, Burlington Coat Factory, Herberger’s, and Dollar Tree.

  • Mattress Firm completes purchase of competitors

    Houston - Mattress Firm Holding Corp. has completed its acquisition of the mattress specialty retail assets and operations of Back to Bed Inc., M World Mattress LLC, MCStores LLC and TBE Orlando LLC, which collectively operate Back to Bed and Bedding Experts retail stores in Illinois, Indiana and Wisconsin and Bedding Experts and Mattress Barn retail stores in Florida.

  • Pep Boys seeks CEO

    The Pep Boys president, CEO and director Mike Odell has resigned. Director John Sweetwood has been named interim CEO, effective immediately.

    Sweetwood has served on Pep Boys’ board of directors since 2002 and is currently the president of Woods Investment, LLC, a private real estate investment firm. Sweetwood is the former president of the Americas Six Continents Hotels (currently Intercontinental Hotel Group), which operates hotels under the InterContinental, Crown Plaza, Holiday Inn and other brands.

  • CBRE completes $5.1 million sale of Peoria Marketplace

    Peoria, Ariz. -- CBRE has completed the sale of Peoria Marketplace, a 25,481-sq.-ft. multi-tenant shopping center in Peoria, Arizona. The grocery shadow-anchored retail property was sold for $5.1 million.

    The seller was G and T Retail Properties, LLC of Phoenix, and the buyer was Westlake Village, California-based Barstow Shopping Centers, LLC.

    The property, which was 91% occupied at time of sale, features national tenants like Farmers Insurance, H&R Block, Panda Express, Little Caesar’s Pizza and Subway.

     

  • McAlister’s Deli to expand franchises in five states

    Alpharetta, Ga. - McAlister's Deli has signed an agreement with existing franchise group Southern Deli Holdings LLC to open 10 additional locations throughout North and South Carolina, Colorado and Wyoming, with three locations slated to open in late 2014. In addition, the franchise group recently acquired seven existing locations in St. Louis.

    The new development commitments will result in two new restaurants per year during the next five years.

  • ID.me unveils new gamified online marketplace

    McLean, Va. - Digital identity solution provider ID.me has unveiled its new retail rewards marketplace, which helps retailers hyper-target influencers and consumer segments with exclusive offers that are protected from fraud. The new product extends ID.me’s coverage from niche affinity groups like the military and students to all consumers.

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