CIM GROUP AND SEAHOLM POWER LLC ANNOUNCE SALE OF RENOVATED SEAHOLM POWER PLANT, OFFICE BUILDING, AND RETAIL SPACE

CIM Group and Seaholm Power LLC  announced today that they have sold the Seaholm Power Plant mixed-use development located on the waterfront at the southwestern edge of downtown Austin, bounded by Cesar Chavez Street, West Avenue, 3rd Street, Seaholm Drive and the A&NW rail line.  The centerpiece of the project is the repurposed and formerly long-dormant, 126,000-square-foot historic art deco power plant constructed in the 1950s.The redeveloped Seaholm Power Plant is comprised of four floors of open, creative office space designed for its major tenant, athenahealth.  Boiler Nine Bar + Grill, a 10,000-square-foot restaurant spanning all four levels, is also part of the redevelopment.