Crosstex Energy's Growth Prompts Headquarters Move to New Dallas Location.DALLAS -- Crosstex Energy, L.P. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : XTEX) (the Partnership) and Crosstex Energy, Inc. (NASDAQ: XTXI) today announced they will move their headquarters to the International Center IV building, a Harwood International Founded by Gabriel Barbier-Mueller, a native of Geneva, Switzerland, Harwood International is a development firm based in Dallas, Texas. External links
"We have outgrown our office facilities because we have successfully executed our business strategy," said Barry E. Davis, Crosstex President and Chief Executive Officer. "We are moving to a larger building to accommodate our needs as we continue to develop our business. Much of our growth will be fueled by the increasing activity in the Barnett Shale The Barnett Shale is a geological formation of economic significance. It consists of sedimentary rocks of Mississippian age in the U.S. State of Texas. The formation is estimated to stretch from the city of Dallas to west of the city of Fort Worth and south, covering 5,000 square natural gas formation in North Texas, the hottest gas play in 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. today." Davis and eight others founded Crosstex 12 years ago. Today, the company employs more than 700 people and is currently located at 2501 Cedar Springs Cedar Springs is the name of three cities:
The Staubach Company's Steve Thelen, Executive Vice President, and Jeff Staubach, Vice President, advised Crosstex and helped negotiate the terms of the lease. "The International IV Building is a great uptown location and will allow Crosstex to continue to grow and add new employees in the foreseeable fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. future," said Thelen. About The Staubach Company The Staubach Company is the leading global real estate advisory firm that delivers cost-effective solutions for the users of office, industrial and retail space. Staubach has extensive experience in strategic consulting, site selection, acquisition, disposition, construction consulting/project management, real estate administration, portfolio management, financing and capital solutions. The company continually expands its service offerings and geographic coverage to meet the evolving needs of its clients. The Staubach Company has 1,200 people in 57 offices throughout the Americas and over 2,200 clients. The company completed over 5,000 transactions for more than 151 million square feet at a value of almost $18 billion in its most recent fiscal year. The DTZ DTZ Division Tactical Zone Staubach Tie Leung partnership has over 7,900 professionals worldwide who deliver services and solutions to multinational clients in more than 46 countries. For more information: www.staubach.com / 1-800-944-0012. About the Crosstex Energy Companies Crosstex Energy, L.P., a midstream mid·stream n. 1. The middle part of a stream. 2. The part of a course that is neither at the beginning nor at the end: the midstream of life. Noun 1. natural gas company headquartered in Dallas, operates over 5,000 miles of pipeline, 12 processing plants, four fractionators and approximately 190 natural gas amine-treating plants and dew-point control plants. Crosstex currently provides services for over 3.5 billion cubic feet per day of natural gas, or approximately seven percent of marketed U.S. daily production. Crosstex Energy, Inc. owns the two percent general partner interest, a 38 percent limited partner interest, and the incentive distribution rights of Crosstex Energy, L.P. Additional information about the Crosstex companies can be found at www.crosstexenergy.com. |
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