REAL ESTATE

Sauk Rapids, Minn. — The Mansour Group www.themansourgroup.com has closed on the sale of a Walgreens in Sauk rapids, Minn., in the St. Cloud metropolitan area, for $10.9 million.

Mansour had the exclusive listing to market the property on behalf of the seller, a developer in Houston. The property generated multiple offers and sold to a 1031 California investor who needed a premium investment to meet the exchange needs.

Medford, Mass. — A joint venture between Charter Realty & Development Corp. and Regency Centers Corporation has acquired Fellsway Plaza in Medford, Mass. The joint venture acquired the 150,000-sq.-ft. neighborhood center, anchored by a recently constructed Stop & Shop, from Berenson Associates of Boston. PNC Bank provided permanent and development financing. Commercial Property Group represented the joint venture in the transaction.

Denver – Quiznos is preparing to expand in the United Arab Emirates (UAE) with the recent signature of Royal Bun Cafe as its newest franchisee. Quiznos and Royal Bun Cafe worked together to establish the blueprint for the venture that will bring more than 70 restaurants to the UAE during the next eight years.

Abu Dhabi, Dubai, and Sharjah will be the first UAE expansion locales, with stores expected to be complete by early 2014. Quiznos recently expanded into Mexico and Russia.

New York -- Upscale footwear brand Stuart Weitzman is partnering with the online shopping destination, Gilt, to launch a digital pop-up shop, created exclusively by Gilt.

The online pop-up will celebrate the twentieth anniversary of Stuart Weitzman’s iconic, over-the-knee 5050 boot and feature a 20-piece Anniversary Collection, which includes ten limited-edition styles.

New York — INTIMACY (bra fit stylists) has opened a lingerie shop at 104 Fifth Avenue in the New York City’s Flatiron retail district. Faith Hope Consolo Chairman, and Joseph A. Aquino, executive VP of Douglas Elliman’s Retail Group, represented the landlord in the transaction. Stacey Robins Realty represented INTIMACY.

Other national and international brands with stores in the area include Aldo, Anthropologie, Banana Republic, Coach, J.Crew, Kenneth Cole and 7 for all mankind.

Seattle — Jones Lang LaSalle’s Capital Markets group has announced the sale of Slater 116, a mixed-use property in Kirkland, a Seattle suburb. The property features 108 apartments and more than 10,000 sq. ft. of ground floor retail space. Essex Property Trust bought the recently completed property from Mainstreet Property Group for $29.6 million.

Sunrise, Fla. — So far this year, 30 new retailers have signed into Sawgrass Mills in Sunrise, Fla.

The Colonnade Outlets at Sawgrass Mills, the open-air promenade part of the property recently added a number of new-to-South Florida retailers, including Diane von Furstenberg, Gucci, Versace, Robert Graham, Ippolita, Wolford, Jimmy Choo, Frette, Roberto Cavalli and others.

Fort Worth, Texas – RadioShack has opened its first new concept store in the Boston area. The store is located in the Porter Square neighborhood of Cambridge, Mass.