realestate

Mid-America Real Estate sells 28,135‑sq‑ft retail center in Richfield

Mid-America Real Estate Corp’s Sales Group brokered sale of Kensington Park, a 28,135‑sq‑ft retail center in Richfield, MN.

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id‑America Real Estate Corporation’s Investment Sales Group facilitated the transaction of Kensington Park, a 28,135‑sq‑ft retail hub in Richfield, Minnesota. Located just south of downtown Minneapolis, the center anchors the suburb with tenants such as Chipotle, Noodles & Company, Potbelly, and Sarpino’s Pizza. Roughly 70 % of the leased space has been held for more than a decade, with some tenants present since the property’s opening. The surrounding 3‑mile zone houses over 116,000 residents, each with an average household income exceeding $120,000, and attracts a daytime crowd of 164,000. The exclusive listing team—Amy Senn and Bryce Thompson of Mid‑America Real Estate – Minnesota, LLC, joined by Joe Girardi and Eric Geskermann of Mid‑America Real Estate Corporation—represented seller Solomon Real Estate. Black Gate Partners purchased the property for $6.8 million.

Mid-America Real Estate sells 28,135‑sq‑ft retail center in Richfield.