CIM Group Sells Lennox at West Village, 159-Unit Apartment Community in Dallas

DALLAS--(BUSINESS WIRE)--CIM Group announced today the sale of Lennox at West Village, a 159-unit apartment community set on an approximately 6.49-acre property with 249 parking spaces that was acquired in 2013.

Located at 3700 Cole Ave. in the West Village neighborhood of Uptown Dallas, the community offers contemporary residences designed as studio to three-bedroom floorplans. Built in 2001, Lennox at West Village’s four-story building surrounds a center courtyard which features a resort-style pool with barbeque area and lounge space. Residents also enjoy an indoor gathering area, the Metropolitan Lounge, a coffee bar, fitness center and an on-site dog park.

Lennox at West Village provides a sophisticated residence option in a walkable environment, proximity to the employment centers of Downtown and Uptown Dallas and easy access to a DART Rail station. Uptown Dallas is a charming district of treelined streets and buildings of a variety of architectural styles from earlier eras populated with a host of restaurants, cocktail lounges, and boutiques. Within Uptown, West Village provides a mixed-use environment with an expansive collection of shops, dining and entertainment options and is a hub of activity within Uptown.

CIM Group is an active owner, operator and investor in Dallas. Its current area portfolio includes the 229,868-square-foot Offices at Turtle Creek Village and 95,000-square-foot Shops at Turtle Creek Village and the 488,202-square-foot Epic II office tower.

For 30 years, CIM Group has applied its community-focused investing approach by utilizing its broad expertise in owning, developing, repositioning, and operating real estate assets to enhance communities throughout the Americas.

About CIM Group

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.