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161,011-SF Center's Redo Earns Five More Leases

HOUSTON-Greenstreet Real Estate Partners begins phase two of a $1-million overhaul at Copperfield Village. New deals close off 43,095 sf for long-time tenants and newcomers.

By Connie Gore | Updated on January 02, 2008

HOUSTON-Greenstreet Real Estate Partners LP is ready to dig into the second phase of a $1-million renovation at the 161,011-sf Copperfield Village. The value-add play, which began with an August 2006 acquisition, has secured five renewals and new deals as phase one work wraps up and the next phase moves to the starting gate.

“We are touching all surfaces and basically trying to bring it up to a class A property,” William Edwards, senior asset manager for the New York City-based owner, tells GlobeSt.com. The second phase of the 15.8-acre center at 7055 Texas 6 will be completed in March.

The exterior redesign has brought two rooftop towers and a third one’s on the way for a shopping center considered to be at the “Main and Main” of one of the most heavily traveled intersections in the northwestern submarket. Copperfield Village’s facade will be raised at least six feet with the phase-two work. In addition, its curb appeal will include a color change so the inline space and outbuildings sport the same look as the 61,113-sf Randall’s Market, which was renovated in 2003.

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