CIM Group announced that it has sold Turtle Creek Village, a mixed-use property consisting of the Offices at Turtle Creek Village (a 230,000-square-foot, 18-story, class A office tower) and the Shops at Turtle Creek Village (a 95,000-square-foot grocery-anchored retail center) in the heart of Dallas's Turtle Creek neighborhood. CIM Group acquired the property in 2017 and completed a repositioning of both the office and retail components.
The Offices at Turtle Creek Village are leased to a diverse mix of tenants. A regional grocery chain anchors the Shops at Turtle Creek Village and offers a mix of daily needs shops, restaurants and services.
Under CIM Group’s management, the office was modernized for tenants and visitors, with upgrades to the building lobby and amenities. Adjusting to market demand from businesses seeking smaller, move-in-ready space, CIM Group constructed spec suites with high-end finishes offering an efficient and flexible design. In addition, CIM