George Cushing, senior vice president, and Paula Foster, vicepresident of the retail investment group with the Houston office ofGrubb & Ellis Co., represented the seller. Cushing tellsGlobeSt.com he was contacted by the buyer, Greenbriar VenturePartners LP, as they were readying the asset for sale.

Nearly all of the 100% occupied center's leases were about torollover, explains Cushing. The seller--Schneider-Moore Propertiesof Houston--decided to keep the asset off the market until thoseleases were completed. The buyer, who owns several multifamilyinvestments in the city, was willing to assume the leasing risk,says Cushing, so a deal was completed.

Copperfield Place is located in the 7700 Block of Texas Highway6 and is anchored by a 6,000-sf Kinkos. The other tenants are localservice providers like the Copperfield Family Dental Center, TwoMom's Scrap & Stamp and Papa John's Pizza.