REAL ESTATE

Mansour closes a Walgreens sale in Minnesota

BY Michael Fickes

Sauk Rapids, Minn.The Mansour Group 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.

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REAL ESTATE

Consolo and Aquino Bring Intimacy to Flatiron

BY Michael Fickes

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.

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REAL ESTATE

Fifth Manhattan Westside Market to open in East Village

BY Michael Fickes

New York — Representing the landlord, RKF has arranged an 18,817-sq.-ft. lease with family-owned grocer Westside Market at 84 Third Avenue in Manhattan’s East Village. When the new grocery opens next summer, it will become the fifth Westside Market location in Manhattan.

The new Westside Market will span 10,500 sq. ft. on the ground level, with the remaining space in the lower level. Newmark Grubb Knight Frank Retail represented the Westside Market in the transaction.

The address 84 Third Avenue is a new nine-story residential development featuring 86 rental units and 90,000 sq. ft. still under construction. Completion is expected early next summer.

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