
Odessa Power Center Sells to Fidelis
Dallas-based brokerage firm Disney Investment Group has arranged the sale of Chimney Rock, a 294,431-square-foot retail power center located in the West Texas city of Odessa.
Built in 2012 and expanded in 2016, Chimney Rock was 93 percent leased at the time of sale. The centers tenants include Academy Sports + Outdoors, Best Buy, Marshalls, Ulta Beauty, Petco, Northern Tool + Equipment, Mattress Firm, Kirkland’s and Longhorn Steakhouse.
David Disney and Adam Crockett of Disney Investment Group represented the undisclosed seller and procured the buyer, Houston-based investment firm Fidelis, in the transaction.
Fidelis has grown to approximately 16 million square feet with over 60 properties in Texas, New Mexico, Louisiana, Tennessee, South Dakota, and Colorado. They are headquartered in Houston
Disney Investment Group (DIG) is a Dallas-based capital markets firm that has executed the sale of more than $2.7 billion of retail properties including approximately $1.67 billion of transaction volume since 2012.
- ◦Sale/Acquisition