Mid-America Negotiates $6.8 Million Sale of 28,135-Square-Foot Retail Property in Suburban Minneapolis

Richfield, Minn. — Mid-America Real Estate Corp. has negotiated the sale of Kensington Park, a 28,135-square-foot neighborhood retail center in Richfield, an inner suburb of Minneapolis. Black Gate Partners purchased the property for $6.8 million. Tenants at Kensington Park include Chipotle Mexican Grill, Noodles & Co., Potbelly and Sarpino’s Pizza. Nearly 70 percent of the occupied gross leasable area has operated at the center for more than 10 years, with some tenants since the inception of the center. Amy Senn, Bryce Thompson, Joe Girardi and Eric Geskermann of Mid-America represented the seller, Solomon Real Estate, in the transaction.