Crescent Announces McKool Smith Lease Renewal at the Crescent.

DALLAS -- Crescent Real Estate Equities Company (NYSE: CEI) announced the recent long-term renewal of the 88,249 square-foot office lease for McKool Smith, P.C. at The Crescent in Dallas. McKool Smith is one of the largest trial firms in the United States and has been headquartered at The Crescent for 14 years. Tony Click, with Crescent, represented the owner, Crescent TC Investors L.P., while Carl Ewert and Jeff Staubach, both with The Staubach Company, represented McKool Smith.

"We are very excited and honored to keep McKool Smith as a customer in The Crescent for ten more years, and we look forward to facilitating their growth in the future," said Tony Click, Crescent's Vice President, Leasing.

Gary Eden, Executive Director of McKool Smith, added, "We looked at the proposed new buildings in the Uptown market for a possible relocation and came to the conclusion that The Crescent was the place to office now and in the future. It is at the heart of the new development activity, such as Crescent's Ritz-Carlton project, The Ashton, and the new retail center on the Red Cross site. The Crescent offers us an environment that no other building in Dallas can even touch."

ABOUT THE COMPANY

Crescent Real Estate Equities Company (NYSE: CEI) is a real estate investment trust headquartered in Fort Worth, Texas. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of more than 75 premier office buildings totaling more than 30 million square feet located in select markets across the United States, with major concentrations in Dallas, Houston, Austin, Denver, Miami and Las Vegas. Crescent also makes strategic investments in resort residential development as well as resorts, including Canyon Ranch(R). For more information, visit the Company's website at http://www.crescent.com.