AIM Renews Headquarters at Crescent's Greenway Plaza In Houston.Business Editors/Real Estate Writers HOUSTON--(BUSINESS WIRE)--Dec. 9, 2003 Crescent Real Estate Equities Company Crescent Real Estate Equities Co. (NYSE: CEI) is a Fort Worth, Texas-based real estate investor with holdings mainly in office and hotel properties, including several landmark buildings in the southern United States. (NYSE NYSE See: New York Stock Exchange :CEI CEI Competitive Enterprise Institute CEI Conferenza Episcopale Italiana (Italian bishop conference) CEI Central European Initiative CEI Comitato Elettrotecnico Italiano (Italian Electrotechnical Committee) ) today announced that AIM Investments has renewed 454,000 square feet of office space at Crescent's flagship property in Houston, Greenway Plaza Greenway Plaza is a master-planned mixed-use development off of U.S. Highway 59 in Houston, Texas, five miles (8 kilometers) west of Downtown Houston and three miles (5 kilometers) east of Uptown Houston. . AIM has been a customer of Greenway Plaza since 1980, and the Class A development serves as the company's headquarters. When AIM was founded in 1980, the company's 8,500 square feet occupied only a small portion of the 19th floor at 11 Greenway Plaza. At the time, the company had 24 employees and $540 million in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Today, AIM is one of Crescent's largest customers at Greenway Plaza occupying over half of 11 Greenway Plaza at 450,000 square feet of office space. The company now employees over 2,400 employees and has approximately $142 billion in assets under management. "AIM is one of our longtime customers who has grown with Greenway Plaza over the years," said Jane Page, senior vice president, asset management & leasing for Crescent. "We are so pleased that AIM will continue to call Greenway Plaza home, and we look forward to serving them as a highly-valued customer." Randy Strait strait (strat) a narrow passage. straits of pelvis the pelvic inlet(superior pelvic s.) and pelvic outlet(inferior pelvic s.) . strait n. , vice president of leasing, and Bob Carlen, vice president of property management, at Greenway Plaza, represented the landlord, Crescent Real Estate Funding III, L.P. Mike Boehler of The Staubach Company represented AIM in the transaction. About the Companies Crescent Real Estate Equities Company is one of the largest publicly held real estate investment trusts in the nation. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of 75 premier office properties totaling over 30 million square feet located primarily in the Southwestern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with major concentrations in Dallas, Houston, Austin and Denver. In addition, the Company has investments in world-class resorts and spas and upscale residential developments. Houston-based AIM Investments represents one of the nation's leading investment management companies. It is dedicated to building solutions for its clients with exceptional products and services through multiple investment management styles and a broad range of investment portfolios under the AIM and INVESCO brand names -- mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , annuities, cash management, college savings plans, alternative investments and offshore products. Founded in 1976, AIM Investments had $142 billion in assets under management and approximately 11 million shareholders as of September 30, 2003. For more information, visit www.aiminvestments.com. |
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