Austin-based Cielo Property Group is a privately-owned commercial real estate investment and development company that specializes in redevelopment and repositioning underutilized properties with strong potential for value enhancement. Founded in 2010, Cielo has acquired or developed more than 1.3 million square feet of commercial real estate assets in Texas. The firm’s assets under ownership and development have a combined value of approximately $600 million today. Cielo’s principals have a diverse background in the development, capitalization, leasing and management of multiple asset classes ranging from large-scale Class A retail and office projects to historic renovations and asset repositioning. Collectively, the Cielo leadership team has acquired and operated over 10.7 million square feet of commercial real estate, with a total project value of over $1.5 billion.