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RPAI Sells The Shops at Boardwalk for $27.4 Million

ACF, GDA Real Estate Close on Gym-Anchored Shopping Center in Kansas City
By Jim Frazier
November 18, 2015 | 3:20 P.M.

Retail Properties of America (NYSE: RPAI), a self-managed REIT headquartered in Oak Brook, IL and one of the largest shopping center owners and operators in the U.S., has sold The Shops at Boardwalk in Kansas City, MO to ACF Property Management, Inc. and GDA Real Estate Services for $27.4 million, or approximately $224 per square foot.

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