Crescent Real Estate Signs 237,420 Square Feet in Denver and Colorado Springs.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. -- 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) ) is pleased to announce 214,334 square feet of renewal, expansion and new commercial office leases at its Colorado office properties. Bruce Basham, Vice President, Leasing, represented Crescent in each of these transactions. At 707 17th Street, a 550,805 square-foot Class A office property located in downtown Denver, Verizon Business Services signed a renewal lease for 99,955 square feet. Barry Dorfman and Dan McGowan of the Staubach Company represented Verizon in this transaction. 707 17th Street currently is leased 93.6 percent. At Regency Plaza, a 309,862 square-foot Class A office property located in the Denver Technology Center submarket of Denver, Old Mutual Capital, Inc. recently renewed its current lease and expanded into an additional 21,388 square feet, bringing its total leased space to 42,773 square feet. Tom Lee of Frederick Ross Company represented Old Mutual Capital in this transaction. Regency Plaza, a property of Crescent Real Estate Funding One, L.P., currently is leased 93.8 percent. At The Citadel, a 130,652 square-foot Class A office property located in the Cherry Creek Cherry Creek may refer to:
At 44 Cook, a 124,174 square-foot Class A office property located in the Cherry Creek submarket of Denver, Startek USA renewed its current lease and expanded into an additional 9,009 square feet, bringing its total leased space to 23,086 square feet. David Johnson David Johnson may refer to:
At Briargate Office and Research Center, a 260,046 square-foot Class A office property located in Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , leases were executed totaling 55,862 square feet on behalf of the owner, Crescent Real Estate Funding XII, L.P. Electronic Network Systems, Inc. signed a new lease for 20,039 square feet, and LaPlata Investments signed a new lease for 13,096 square feet. Also, Principal Life Insurance Company renewed its current lease for 22,727 square feet. Brokers representing the customers in these transactions include Michael Palmer
Michael Palmer (b.May 11, 1943 in Manhattan, New York) is a contemporary American poet and translator. of NAI See Network Associates. Highland Commercial, Kent Mau of Sierra Commercial Real Estate and Kacie Bonjour of Terrus Real Estate Group. Including these leases, Briargate Office and Research Center is leased 87.3 percent. John L. Zogg Jr., Crescent's Managing Director, Asset Management and Leasing, commented on Denver leasing, "Leasing is going well in our portfolio, and we have had the opportunity to accommodate many customers' expansion needs. As a result of this activity, available space in Crescent's Denver portfolio now is limited. The one sizeable contiguous block of space available is 23,875 square feet on the top floor of Johns Manville Plaza, which is perhaps the best top-floor availability in all of Denver. We look forward to filling it as leasing intensifies in downtown." Denny Alberts, Crescent's President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , commented on the Denver market, "The Denver office market continues to rebound at a tremendous pace, and we are excited about the momentum we see in expansion activity in each of our submarkets. Our portfolio is experiencing healthy absorption, and rental rates are steadily rising. As a result of the overall strengthening, Crescent's Denver office portfolio is leased 92.1 percent." ABOUT CRESCENT 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 74 premier office buildings totaling 30 million square feet located in select markets across the 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, Denver, Miami, and Las Vegas. Crescent also strategically invests in resort-residential developments in locations such as Scottsdale, AZ, Vail Valley, CO, and Lake Tahoe, CA; in destination resorts such as Fairmont Sonoma Mission Inn[R] in Sonoma, CA; and in the wellness lifestyle leader, Canyon Ranch[R]. For more information, visit Crescent's Web site at www.crescent.com. |
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