Crescent Signs More Than 45,000 Square Feet At The Crescent Office Towers

Published on: Apr 23, 2012

Crescent Signs More Than 45,000 Square Feet At The Crescent Office Towers

Stephens Expands Dallas Footprint, Deutsche Bank Confirms Theirs

DALLAS, April 23, 2012 – Crescent Property Services LLC announced today that Stephens, Inc. signed long-term leases for 9,477 square feet of expansion space and 17,519 square feet of renewed space, while Deutsche Bank Securities renewed their 19,577 square feet at The Crescent in Uptown Dallas. During 2011 and the first quarter of 2012, approximately 140,000 square feet of financial firm leases have been signed at the property referred to by many as the “Financial Center of the Southwest.” Today, The Crescent houses 82 of the most prestigious financial firms in Dallas.

Stephens, Inc. is an 80-year-old, privately-held and independent financial services firm based in Little Rock, Arkansas. The company operates in 24 locations across the U.S., including 777 Main in Fort Worth and Greenway Plaza in Houston, both properties that Crescent owns and manages. Stephens also has a London address. Stephens has been in Dallas since 1996 when it established its office at The Crescent. Tony Click, vice president of leasing for Crescent Property Services LLC represented the owner, and Pamela Robison, Bret Hefton and Greg Langston with Cresa Partners represented Stephens, Inc.

The Crescent has been home to Deutsche Bank Securities' 19,577-square-foot Dallas wealth management and real estate office since 1999. Crescent's Tony Click represented the owner, while Marion Brady, Matt Craft and Campbell Henry with Jones Lang LaSalle represented Deutsche Bank Securities.

“We couldn't be more proud to watch financial greats like Stephens and Deutsche Bank continue to grow and prosper in their Dallas operations at The Crescent,” said Click. “It's not every day that you see a collection of financial firms of this magnitude and caliber in one property, and we are honored to be a part of it.”

Designed by nationally-acclaimed architect Philip Johnson, The Crescent Office Towers total 1.1 million square feet in three contiguous buildings and, with the adjacent Rosewood Crescent Hotel, are the centerpiece of Uptown Dallas.

ABOUT CRESCENT

Crescent Real Estate Holdings LLC, headquartered in Fort Worth, Texas, is a fully-integrated real estate company owned by Barclays Capital and Goff Capital. Through its subsidiaries, Crescent manages and develops premier, Class A office buildings. Crescent also holds investments in resort residential developments in locations such as Scottsdale, Vail Valley, and Lake Tahoe; a luxury hotel, The Ritz-Carlton, Dallas; and the wellness lifestyle leader, Canyon Ranch. For more information, visit Crescent's Web site at www.crescent.com.