River Power & Equipment, currently located in Cold Spring, MN, closed on their new property at 819 Main Street in Richmond, MN. This marks the third business to purchase property in the recently developed Richmond Business Park. River Power & Equipment plans to begin construction of their new, larger, store in Spring, 2023. River Power & Equipment will continue to serve their customers at its current location in Cold Spring with a grand opening in Richmond to be announced at a later date.
Inventure Real Estate brokered the deal between River Power & Equipment and Richmond Business Park LLC. “We wish to congratulate River Power & Equipment and Richmond Business Park LLC on this transaction,” said John Uphoff, Agent at Inventure Real Estate, “We are eager to see what the future holds for River Power & Equipment, and we are happy for the City of Richmond as we continue to see demand for sites within the Richmond Business Park.”
“We are excited to be able to continue serving our customers in the Chain of Lakes and greater St Cloud area in this new location,” said Don Harreld, President of River Power and Equipment. “The Inventure team was great to work with; they were very helpful throughout the process.”
Founded in 2020, Inventure Real Estate is a trusted leader in commercial real estate. Inventure offers a comprehensive suite of commercial real estate services, including commercial brokerage, real estate development, construction consulting, and facilities management services.