REAL ESTATE

R.J. Brunelli & Co. completes multiple retail leases in New Jersey, Maryland

BY Dan Berthiaume

Old Bridge, N.J. – R.J. Brunelli & Co., LLC has recently completed a series of leases that will bring retail tenants to sites throughout New Jersey and Maryland. Dollar Tree recently signed a lease that will bring its Deal$ concept to an 11,400-sq.-ft. space in downtown Elizabeth, New Jersey. R.J. Brunelli serves as the retailer’s exclusive real estate representative for all of New Jersey.

In Clark, New Jersey, Ulta Beauty signed a lease for a 10,000-sq.-ft. inline space at Clark Commons, a new 225,000-sq.-ft. center that will be anchored by Whole Foods. In the firm’s recently announced role as exclusive national leasing representative for AAMCO stores, R.J. Brunelli brokered leases for new franchised locations, a 6,100-sq.-ft. store in East Brunswick, N.J. and a 5,332-sq.-ft. store in Glen Burnie, Md.

In Marlboro, New Jersey, a 13,500-sq.-ft. Petco will be a tenant at the new 100,000-sq.-ft. Marlboro Commons. R.J. Brunelli serves as exclusive leasing agent for the Monmouth County property, which is anchored by Whole Foods.

And in its capacity as exclusive leasing agent for Woodhaven Plaza, a new 117,800-sq.-ft. neighborhood shopping center in Old Bridge, New Jersey, R.J. Brunelli brokered deals for a 10,000-sq.-ft.The Learning Experience store and 1,200-sq.-ft. Subway store.

"The deals completed thus far this year followed a robust performance during 2013, when our team executed a diverse range of leases and land transactions on behalf of tenants and landlords," said Richard J. Brunelli, president of R.J. Brunelli.

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OPERATIONS

Domino’s launches new iPad ordering app

BY Dan Berthiaume

Ann Arbor, Mich. – Domino’s Pizza is releasing its ordering app for iPad. Domino’s new app will offer users access to the full national menu, coupon search and location-based store locator, like in its current iPhone, Android, Windows Phone 8 and Kindle Fire ordering apps.

The app will also allow direct access to track an order using Domino’s Tracker, the company’s digital order tracker, and Pizza Profiles, which allows customers the ability to save information and reorder in as little as five clicks, or about 30 seconds.

"We couldn’t be more thrilled about bringing our Domino’s Pizza ordering app to iPad," said Russell Weiner, Domino’s Pizza chief marketing officer. "This new app enhances our commitment of offering convenience to our customers wherever they are – and it looks so good, customers will get hungrier just looking at it."

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FINANCE

Mattress Firm acquires 75 Mattress King and BedMart stores

BY Dan Berthiaume

Houston – Mattress Firm Holding Corp. has entered into an agreement to acquire Mattress Liquidators Inc., which operates Mattress King retail stores in Colorado, and BedMart retail stores in Arizona, for about $35 million. This will add approximately 75 specialty retail stores to the Mattress Firm company-operated store base in markets where it currently operates, primarily Denver, Phoenix and Tucson, Arizona.

The closing of the acquisition is expected to occur by the end of the second fiscal quarter of 2014, subject to normal closing conditions.

“We are excited to further expand our position in the Denver, Phoenix and Tucson markets,” stated Steve Stagner, Mattress Firm president & CEO. “We believe that the acquisition of the Denver stores will allow us to leap into a strong position in that market, building on the foothold established by the acquisition last month of the formerly franchised Mattress Firm stores in Denver. The additional stores in Phoenix and Tucson will supplement the existing base of quality stores that we currently operate in those markets. This acquisition is aligned with our relative market share strategy, which continues to build long-term value creation for our shareholders.”

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