CIM Group Signs Long-Term Lease With Paceline Equity Partners For Headquarters At Offices At Turtle Creek Village In Dallas

CIM Group has signed a long-term lease with Paceline Equity Partners, LLC for 12,465 square feet of space at the Offices at Turtle Creek Village in Dallas. Paceline Equity Partners, a Texas-based private equity manager, will occupy the entire sixth floor of the 18-story office tower as its new headquarters. The office tower, which spans 229,868 square feet, was acquired by CIM Group along with the nearby Shops at Turtle Creek Village in 2017.

Summary of transaction details

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 3838 Oak Lawn Dr, Dallas
• Market: Dallas
• Size: 12,465 square feet

The landlord, CIM Group, and the tenant, Paceline Equity Partners, were represented in the deal by their respective real estate brokers. Tommy Nelson and Alexandra Cullins from CBRE represented CIM Group, while Travis Boothe and Zach Bean from Cushman & Wakefield represented Paceline Equity Partners. The long-term lease agreement solidifies Paceline Equity Partners' presence in Dallas as it establishes its new headquarters in the Offices at Turtle Creek Village.