Houston: 165,000-SF Copperfield Village brings $40M

HOUSTON – Copperfield Village Shopping Center, a 165,293-sf, dual-anchored retail center in northwest Houston, has been sold for about $39.8 million. It is situated on 16.43 acres at 7081 SH 6 N. Kimco Realty Corp. purchased the asset from Copperfield Village Investors LP.

The property’s location in the 2,000-plus-acre Copperfield master-planned community places it in a densely-populated area with an estimated 350,000 residences within a five-mile radius.

The center is 92 percent leased to anchors Sprouts Farmers Market and Ross Dress for Less in addition to Goody Goody Liquor, Dollar Tree, Five Below, Panera Bread and Leslie’s Pool.

Kimco Realty, a REIT based in New Hyde Park, N.Y. Kimco owns interests in 754 shopping centers comprising 110 million sf of leasable space across 39 states, Puerto Rico, Canada, Mexico and Chile.

tag: Transwestern’s Houston Retail MarketWatch Feb. 2015, Collier’s Houston Retail Research and Forecast Report 4Q 2014, retail under Houston Market Research.