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CIM Group has sold Turtle Creek Village, a mixed-use development in the Turtle Creek neighborhood of Dallas. CIM did not disclose the buyer, but media reports indicate that the asset was acquired by local company De La Vega Development. The transaction’s dollar value was not disclosed.
Turtle Creek Village consists of the Offices at Turtle Creek Village, a 230,000-square foot, 18-story, Class A office tower, and the three-building Shops at Turtle Creek Village, a 95,000-square-foot grocery-anchored retail center.