HOUSTON – Kimco Realty has purchased the Copperfield Village Shopping Center, a 165,293-square-foot, dual-anchored retail center in northwest Houston.
HFF arranged the sale of the property on behalf of the seller, Copperfield Village Investors, L.P.
Copperfield Village Shopping Center is situated on 16.43 acres at 7081 State Highway 6 North. 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.
The HFF investment sales team representing the seller was led by senior managing director Rusty Tamlyn, managing director Ryan West, associate director Matt Berry and real estate analyst Robbie Kilcrease.
“Kimco continues to expand its presence in Houston and in Texas,” West said. “They were the logical buyer as they now own assets on all three corners of the intersection.”
Kimco Realty, a REIT based in New Hyde Park, N.Y. Kimco owns interests in 754 shopping centers comprising 110 million square feet of leasable space across 39 states, Puerto Rico, Canada, Mexico and Chile.