Black Gate Partners Acquires Retail Center In Richfield MN From Solomon Real Estate For $6.8M

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.