Turtle Creek Village
Delivering Value in an Evolving Office Market
Turtle Creek Village is a mixed-use office and retail center located in the Turtle Creek neighborhood of Dallas, Texas. The area is highly sought-after for office, residential and retail uses due to its strong surrounding demographics, convenient access to transportation, lifestyle amenities and public recreation.
Strong Fundamentals, Room to Improve
When CIM acquired the property in 2017, Turtle Creek Village’s office rents were significantly below market. Within its retail component, we found that the property and community could benefit from retailers with a focus on health, wellness and beauty.
Activating CIM’s In-House Team
CIM's in-house team was equipped with the creativity and expertise necessary to create greater value at the property.
- Our Leasing team worked with new and existing office tenants to execute leases at rent levels more consistent with market rates. CIM has nearly doubled lease rates since acquiring the property in 2017, and the 18-story office tower achieved a 95% occupancy rate in 2024.1
- Our Property Management team helped determine which tenants would align best with the neighborhood, and the Leasing team identified new tenants that offered goods and services catering to the community’s needs.
- Our Development and Construction teams improved the asset by completing a full lobby renovation for office tenants and creating office spec suites boasting high-end finishes to bolster leasing efforts following the pandemic.
Turtle Creek Village Today
Thanks to the combined efforts of CIM’s vertically integrated team, Turtle Creek Village is helping to serve the needs of the surrounding community.
The property’s 227,000-square-foot office building is occupied by a diverse tenant base, and its nearly 95,000 square feet of retail space is anchored by a regional grocery chain and features a variety of service tenants, restaurants and more.
For more details on CIM’s successes at The Offices at Turtle Creek Village, access the in-depth case study.
Learn more about Turtle Creek Village on its website.
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- As of March 31, 2024.
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CIM 4082605