Disney Investment Group Sells 294K SF Power Center in Texas
Dallas, Texas (October 6, 2022) – Disney Investment Group (DIG) is pleased to announce it has marketed and sold an institutionally-owned shopping center in West Texas.
Chimney Rock is a 294,431 square foot power center located in Odessa, Texas. Chimney Rock is 93% leased and anchored by Academy Sports, Best Buy, Marshalls, Ulta, Petco, JOANN and Northern Tool. Additional tenants include Mattress Firm, Kirkland’s, Versona, Carters, Longhorn Steakhouse and many others. Built in 2012 and expanded in 2016, Chimney Rock is prominently located in the booming Permian Basin of the Midland-Odessa MSA, the second-fastest growing MSA in the U.S.
David Disney and Adam Crockett of DIG represented the undisclosed seller and procured the buyer, Fidelis.
Fidelis is one of Texas’ largest commercial real estate companies with a long focus on retail, and a newer focus on healthcare and multifamily. With a consistent and aggressive development, redevelopment, and acquisition program, Fidelis has grown to approximately 16 million square feet with over 60 properties in Texas, New Mexico, Louisiana, Tennessee, South Dakota, and Colorado. Headquartered in Houston, Fidelis also has operating offices in Dallas, Texas, and Santa Fe, New Mexico.
About Disney Investment Group
Disney Investment Group (DIG) is a Dallas-based boutique 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. For more information on DIG, please visit disneyig.com