CIM Group announced that it has sold Best Buy Plaza, an approximately 177,434-square-foot retail shopping center located at 9358 N. Central Expressway in North Dallas.
CIM Group acquired Best Buy Plaza in 2016. Situated on a 14.61-acre site approximately seven miles north of the Dallas CBD, Best Buy Plaza was constructed in 1995 and benefits from a prominent location along the heavily trafficked North Central Expressway. The center serves several highly regarded residential communities, including Highland Park, University Park and Preston Hollow.
During its ownership, CIM Group invested in the ongoing maintenance and enhancement of the property through a program of capital improvements supported by CIM’s property management and marketing teams. The shopping center is 100 percent leased and anchored by Best Buy, with additional tenants including Dick’s Sporting Goods, Total Wine, Cavender’s and Hyper Kidz.
CIM Group was represented by JLL in the transaction
