HOUSTON – (Realty News Report) – Houston developer BCTS Partners, LLC, has sold the 91%-leased Copper Lakes Shopping Center in the Cy-Fair submarket of west Houston to Parkway Brothers Investment, Inc.
Copper Lakes is a two-building project with 16,080 SF of retail and 7,000 SF of office space on 2.68 acres at 17111 and 17121 West Road, respectively.
Austen Baldridge and Brad Elmore of Houston-based NewQuest Properties represented the seller. Andy Hsu of AA Realty Co. represented the buyer.
“We had a lot of interest and multiple offers,” says Baldridge, who recently was promoted to senior associate. “With Copper Lakes being the only retail at that intersection, it has excellent potential to stay leased for the long term. It’s perfect for serving the nearby established neighborhoods.”
BCTS Partners developed the mixed-use project in 2007 on the southwest corner of West Road and Queenston Boulevard, primary arteries for a high-growth corridor with numerous master-planned single-family developments, including the adjacent Copperfield Westcreek Village and Copper Lakes. On the other corners are West Houston Church of Christ, St. Cuthbert Episcopal Church and Birkes Elementary and Aragon Middle schools, which have a combined enrollment of nearly 3,000 students.
Copper Lakes Shopping Center is anchored by Fitness 19, which inked a 7,000-sf renewal shortly before the NewQuest team’s marketing campaign got underway. The retail space, which is fully leased, also includes Snowflake Donuts, EZ Floors, Homebase Pizza, ZL Dentistry & Orthodontics, Hollywood Fashion Nails and Spots Cleaners. The office component houses the headquarters of EthosIQ, a software and technology company; and a State Farm insurance agency.