Black Gate Partners Acquires Retail Center In Richfield MN From Solomon Real Estate For $6.8M
Minnesota
See Similar DealsBlack Gate Partners Acquires Retail Center In Richfield MN From Solomon Real Estate For $6.8M
7600 Lyndale Avenue South & 7620 Lyndale Avenue South
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The retail center located at 7600-7620 Lyndale Avenue South in Richfield, MN features a total area of 28,135 square feet. The asset was sold for a total of $6,800,000, resulting in a price per square foot of $242. The center is anchored by long-tenured tenants including Chipotle, Noodles & Company, Potbelly, and Sarpino’s Pizza, and is situated within a dense, high-income trade area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,800,000
- Sale Date: 11/19/2025
- Address: 7600-7620 Lyndale Avenue South
- Market: Richfield, MN
- Square Footage: 28,135
- Price per Square Foot: $242
- Buyer: Black Gate Partners
- Seller: Solomon Real Estate
- Brokers: Amy Senn, Bryce Thompson, Joe Girardi & Eric Geskermann - Mid-America Real Estate Group
The transaction was facilitated by Mid-America Real Estate, with four brokers representing the seller, Solomon Real Estate. The property was acquired by Black Gate Partners, marking a significant retail investment in the area.
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