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Off-Market Retail Asset Trades

HOUSTON-A private investor has picked up the 14,050-sf Copperfield Place shopping center in northwest Houston. The buyer grabbed the property before it made it to market.

By Jennifer Brenner Andrade | Updated on May 28, 2004

HOUSTON-A local private investor has purchased Copperfield Place, a 14,050-sf shopping center in the northwest part of town, before the asset was placed on the market. The property had an asking price of $2.4 million and while the sales price was kept confidential, an industry source says the center likely traded near its list price.

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

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