CIM Group Sells 184,128 SF Hartland Plaza Office Building in Downtown Austin

by Taylor Williams

AUSTIN, TEXAS — Los Angeles-based investment firm CIM Group has sold Hartland Plaza, a 184,128-square-foot office building in downtown Austin. The building was constructed in 1984 on a 3.4-acre site that includes a four-story parking garage. CIM Group also implemented a capital improvement program at Hartland Plaza between 2017 and 2019. Amenities include a fitness center, lounge, conference facilities, salon and an onsite restaurant. The buyer and sales price were not disclosed. JLL represented CIM Group in the transaction and arranged acquisition financing on behalf of the undisclosed buyer.

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