Holliday Fenoglio Fowler, L.P. 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.
