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Texas  + State of Texas  + Retail  | 
Winwood Town Center

Fully Leased Winwood Town Center Gets New Owner

Winwood Town Center, a fully leased 365,559-square-foot regional shopping center anchored by Target and H-E-B in the west Texas community of Odessa, recently sold. Fidelis Realty Partners LLC acquired the asset for an undisclosed purchase price.

Completed between 1987 and 2002, Winwood Town Center is home to a mix of national tenants including the rare Target lease, H-E-B, Ross Dress for Less, Office Depot and Michaels. Additionally, the asset includes ground leases to Chick-fil-A, Taco Bell, BBVA and Jack in the Box.

Winwood Town Center is situated on 40.43 acres at 3801-3915 East 42nd St. at one of Odessa’s busiest intersections, 42nd Street and Grandview Avenue, an exposure to more than 65,000 vehicles per day.

Odessa is part of the Midland-Odessa MSA, one of the fastest-growing U.S. regions in the past five years with more than 33 percent population growth. The center draws from an expanded trade area that includes more than 158,000 residents.

JLL orchestrated this off-market opportunity on behalf of the seller, Brixmor Property Group. The JLL seller team was led by Chris Gerard, Ryan Shore and Barry Brown. Working on behalf of the new owner, JLL arranged the 10-year acquisition loan with Frost Bank. The JLL debt placement team included Colby Mueck, Ryan West and Clint Coe.

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Winwood Town Center

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition