Odessa: Leases hot at Chimney Rock
ODESSA – The 340,000-sf Chimney Rock Shopping Center, situated on 36 acres at the northeast corner of Loop 338 and Hwy. 191, has gained five new tenants with leases totaling 48,100 sf.
The Woodmont Co. has signed the following leases:
• Northern Tool+Equipment (18,000 sf);
• Petco (13,500 sf);
• Lone Star ER (8,500 sf);
• Mattress Firm (5,500 sf); and
• Firehouse Subs (2,600 sf).
The five new leases bring Chimney Rock’s occupancy to 90 percent, and they will join Academy Sports+Outdoors, Marshalls, Best Buy, Jo-Ann Fabric & Crafts, ULTA Cosmetics, Kirkland’s Home Decor and Dickey’s BBQ, among others.
“High income levels, low unemployment and year-over-year growth of the local economy is the reason Odessa is one of the most dynamic markets in Texas, if not nation,” said Trip Green, vice president of investment sales and leasing at The Woodmont Co.
Northern Tool+Equipment and Firehouse Subs recently opened at the center, and the buildings for Petco, Lone Star ER and Mattress Firm are beginning construction shortly and will open in early summer 2015.
The Woodmont Co. serves as a development partner and construction manager on behalf of the Chimney Rock Shopping Center’s ownership, Excel Trust. The firm also handles leasing and property management for the asset.
“What is also significant is that these five retailers are new to the Odessa market, indicating strength of this area now and in the years to come,” said Green.
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