HOUSTON–HFF has closed the sale of Copperfield Village Shopping Center, a 165,293-square-foot, dual-anchored retail center in northwest Houston.
The firm arranged the sale of the property on behalf of the seller, Copperfield Village Investors LP. Kimco Realty Corp. purchased the asset for an undisclosed amount and assumed an existing loan.
Situated on 16.43 acres at 7081 State Highway 6 North, the center is 92 percent leased to anchors Sprouts Farmers Market and Ross Dress for Less in addition to Goody Goody, Dollar Tree, Five Below, Panera Bread and Leslie's Pool Supplies.
Senior managing director Rusty Tamlyn, managing director Ryan West, associate director Matt Berry and real estate analyst Robbie Kilcrease led the HFF investment sales team representing the seller.
“Kimco continues to expand its presence in Houston and in Texas,” West said in a release. “They were the logical buyer as they now own assets on all three corners of the intersection.”
“The combination of strong sales and below market rents was a large contributor to the substantial interest we received from a variety of buyer types,” Berry said.
Reps with HFF were unable to offer more details at press time.
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