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| The Shops at Boardwalk, 8628 North Boardwalk Avenue, Kansas City, MO |
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| Amy Sands |
CHICAGO, IL – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $27.4 million sale of The Shops at Boardwalk, a
122,397-square-foot, 100-percent-leased shopping center in Kansas City,
Missouri.
HFF worked on behalf of
the seller, Retail Properties of America, Inc.
GDA Real Estate Services, LLC purchased the asset on behalf of ACF
Property Management, Inc. free and clear of debt.
The property is fully
leased to a roster of national and regional tenants including Gold’s Gym, Jos.
A. Bank, Kirkland’s, Chipotle, Houlihan’s, Rue 21, Maurices and a
separately-owned Lowe’s and Walmart.
Situated on 14.55 acres at 8628 North
Boardwalk Avenue, The Shops at Boardwalk is in the epicenter of the Northland
Kansas City retail submarket at the intersection of Missouri Highway 152 and
Interstate 29, where approximately 96,000 vehicles pass per day.
The HFF investment sales
team representing the seller was led by directors Amy Sands and Clinton
Mitchell and senior managing director Barry
Brown.
According to HFF, the
synergistic mix of fitness, apparel, specialty and restaurant uses complement
neighboring big box retailers that attract significant daily traffic to the
site.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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