Crescent Announces Three Financial Institution Leases at The Crescent.DALLAS -- 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) ) announced the recent signing of three commercial office leases with well-known financial institutions at The Crescent in Dallas totaling 61,924 square feet. Bear Stearns Companies Inc. renewed its 34,396 square-foot lease for ten years, effective August 2005. Tony Click, Crescent's Vice President, Leasing, represented the owner, Crescent TC Investors, L.P., while Paul Whitman and Brad Selner, both with The Staubach Company, represented Bear Stearns. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. USA Inc. relocated from JPMorgan Chase Tower JPMorgan Chase Tower may mean:
Stanford Group Company relocated from Las Colinas to The Crescent, signing a lease for 10,301 square feet, effective March 2005. Mr. Click represented the owner, while Peter Danna, with CB Richard Ellis, represented Stanford Group. According to Mr. Click, "With the renewal of Bear Stearns and the addition of two great firms like Credit Suisse First Boston and Stanford Group, The Crescent is undoubtedly the Financial Center of the Southwest. In fact, The Crescent holds more than 70 financial services firms today, which is a trend we see continuing." ABOUT THE COMPANY Crescent Real Estate Equities Company (NYSE: CEI) is a real estate investment trust headquartered in Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. . 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. |
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