McGrath Real Estate Partners is pleased to share one of our new developments, currently under construction.

The Penwell is a 360 -unit development located in Odessa, TX and is professionally managed by Asset Living.  

The property features a cardio/strength training area and fitness on demand studio, a clubroom with lounge seating areas and complimentary Starbucks coffee bar; resort-style pool with built-in lounge, private poolside cabanas and grilling stations.

Chief Executive Officer Michael S. McGrath comments, “The Midland/Odessa market continues its growth pattern with the announcement of the new Nacero Inc. $7 Billion lower carbon gasoline manufacturing facility to be built on a 2600-acre site in Ector County bringing in another 3500 employees to the immediate area. The plant will be the first in the US to make gasoline from natural gas and the first in the world to do so with carbon capture and sequestration. We continue to be excited with growth in the City of Odessa and are most proud to be delivering this Class A project and look forward to its successful completion by this summer.”

‍