Mid-America Announces Sale of Kensington Park Retail in Richfield, MN
November 12, 2025
Mid-America Real Estate – Minnesota, LLC’s Investment Team is pleased to announce the successful sale of Kensington Park Retail, for $6,800,000. The property is a 28,135 SF, three-building retail center located in Richfield, Minnesota, one of the Twin Cities’ most established first-ring suburbs.
Kensington Park Retail features a strong tenant lineup that includes Chipotle, Noodles & Company, Potbelly, and Affinity Credit Union, along with a diverse mix of local and regional retailers. The property benefits from an exceptional history of tenant retention, with over 70% of tenants having operated at the property for more than 10 years, underscoring its stability and long-term performance.
Currently 80.5% occupied, Kensington Park Retail presents an attractive value-add opportunity through the lease-up of remaining vacancies. The property’s favorable weighted average lease term of nearly six years, combined with excellent surrounding demographics, including 125,000 residents and average household incomes exceeding $120,000 within a three-mile radius; further reinforces its strong investment appeal.
“Kensington Park Retail represents the type of stable, well-located neighborhood center that continues to attract investors seeking both security and upside potential,” said Amy Senn, Vice President of Investment Sales at Mid-America Real Estate – Minnesota, LLC. “The combination of long-term national tenants, excellent demographics, and remaining lease-up opportunity made this a compelling transaction in today’s retail market.”
The transaction was brokered by Amy Senn and Bryce Thompson of Mid-America Real Estate – Minnesota, LLC, along with Joe Girardi and Eric Geskermann of Mid-America Real Estate Corporation, who represented the seller in the transaction.
About Mid-America Real Estate
Mid-America Real Estate is #1 in retail real estate services in the Midwest, with full-service offices in Illinois, Michigan, Minnesota and Wisconsin. Our exclusive focus on retail property, combined with cutting-edge technology and unsurpassed service, distinguishes Mid-America within the industry and provides clients with a competitive edge. The total consideration value of leasing and investment sales transactions facilitated in 2024 was $2.28 billion. Mid-America leases and manages more than 50 million square feet of retail space and represents over 270 retailers and other tenants. For more information, visit www.midamericagrp.com.
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