Crescent Real Estate’s Acquisition of of The Crescent Office and Development Property

Bracewell LLP advised Crescent Real Estate LLC on the deal.

Crescent Real Estate LLC (Crescent) announced its recent acquisition of The Crescent® office and mixed-use development property in Dallas’ Uptown District. Crescent, which was founded in the early 1990s in an effort to build a real estate portfolio during the market decline, has been actively involved in the ownership, leasing or management of The Crescent for 30 years.

The Crescent is a high-profile landmark in the Uptown District of Dallas. The Crescent is home to over 120 office tenants, and includes various restaurants, a golf simulator, a private club and an award-winning spa and hotel. The Crescent has recently undergone $48 million in renovations to enhance the mixed-use development, with infrastructure improvements including a more pedestrian-friendly environment and dual-feed power that increased energy reliability and efficiency.

Working in conjunction with investors and high-net-worth clients, Crescent acquires, develops and operates high-end properties including Class A and creative office space, hotels, resorts, senior living and multifamily properties throughout the United States.

The Bracewell team included K. Brock Bailey (Picture), Matthew G. Nielsen, Scott C. Sanders, Timothy A. Wilkins, Christopher D. Olive, Elizabeth L. McGinley, Doug Rommelmann, C. Robert Baird and Christie L. Latimer.

Involved fees earner: Brock Bailey – Bracewell; Robert Baird – Bracewell; Christie Latimer – Bracewell; Elizabeth McGinley – Bracewell; Matthew Nielsen – Bracewell; Christopher Olive – Bracewell; Douglas Rommelmann – Bracewell; Scott Sanders – Bracewell; Timothy Wilkins – Bracewell;

Law Firms: Bracewell;

Clients: Crescent Real Estate LLC;

Author: Martina Bellini