CIM Group has sold Fifth + Tillery, a three-story office building near downtown Austin, Texas to the metro’s public transportation provider for nearly $87 million. The Austin American-Statesman reported the acquisition of this 182,700 square foot property. The office building features flexible floorplates starting at 10,000 square feet with each floor accessible from outdoor walkways and ground-level parking. Additionally it includes a 600 kW solar array as well as outdoor walk-up access and open air walkways that provide private balconies and approximately 500 parking spaces located at 618 Tillery St in East Austin – more than 3 miles away from downtown area.
CIM Group’s portfolio in the Austin market also consists of properties such as Eastside Village, Chase Tower 507 Calles 1300 E 5th St., 1021 E 7th St., among others; having completed their first adaptive reuse project called Penn Field mid 2020 .
