SRS Real Estate negotiates new leases for Sleep Number
New York — Dallas-based SRS Real Estate Partners said that Select Comfort Corp., which operates the Sleep Number Store, has leased several new locations in and around New York City.
In Danbury, Conn., the company leased 2,580 sq. ft. at the Shops at Marcus Dairy, an 80,000-sq.-ft. shopping center tenanted by Whole Foods, Eastern Mountain Sports and Panera Bread.
In Fairfield, Conn., Sleep Number will open a 3,608-sq.-ft. store at King’s Crossing Shopping Center, which is anchored by Whole Foods along with Petco, CVS, Chipotle and Chase Bank.
In Manhasset, N.Y., the company has leased 3,400 sq. ft. in a portion of a former Ethan Allen store.
In East Hanover, N.J., the retailer leased 4,816 sq. ft. in a free-standing building formerly occupied by The Avenue store.
And, in Woodbridge, N.J., Sleep Number will open a 4,825-sq.-ft. store in Plaza K Shopping Center.
With these openings, Sleep Number will have 14 locations in the Metro-New York City region.
Chevy Chase Land Co. names exec
Chevy Chase, Md. — Chevy Chase Land Co. announced that Lucy Fraser has been named VP of asset management for the company.
Fraser previously served as VP of property management for Combined Properties.
Dr Pepper Snapple Group acquires Nev. bottling company
PLANO, Texas — Dr Pepper Snapple Group has purchased a company that bottles its beverages for much of the West, the company said.
The soft drink maker announced the acquisition of the assets and territory of the Reno, Nev.-based Dr. Pepper/7-Up Bottling Company of the West, including rights to the territory and ownership of distribution centers in Reno, Chico, Calif., and Boise, Idaho. The bottling company serves a territory that includes northern Nevada, parts of northern and southern California and Idaho, distributing Dr Pepper, Snapple, 7Up, Sunkist, A&W, RC Cola and allied brands such as Fiji, Neuro, Rockstar and Vita Coco.
"Since 2006, Dr Pepper Snapple has acquired a number of bottling businesses to strengthen our route to market in the United States and support efforts to build and enhance our leading brands," DPS president for packaged beverages Rodger Collins said. "As with previous acquisitions, bringing Dr Pepper/7Up-West into DPS enables us to leverage the power of our integrated business model to drive executional excellence, improve customer service and get our brands into consumers’ hands with greater efficiency."