{"id":1004580100,"date":"2022-05-11T12:36:04","date_gmt":"2022-05-11T20:36:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004580100"},"modified":"2022-12-08T08:48:31","modified_gmt":"2022-12-08T16:48:31","slug":"crescent-real-estate-lands-new-leases-renewals-in-uptown-dallas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crescent-real-estate-lands-new-leases-renewals-in-uptown-dallas\/","title":{"rendered":"Crescent Real Estate Lands New Leases, Renewals in Uptown Dallas"},"content":{"rendered":"
\"\"<\/a>

The Crescent. Image courtesy of Crescent Real Estate<\/p><\/div>\n

Crescent Real Estate<\/strong> secured four lease renewals and four new tenants at The Crescent, a 1.3 million-square-foot Class A+ office property in Uptown Dallas. The eight leases within the 19-story high-rise total 81,860 square feet.<\/p>\n

The four renewals consist of two leases with global wealth manager UBS Financial Services<\/strong>, which occupies 41,857 square feet of space in Buildings 100 as well as Building 200. JPMorgan Chase<\/strong> will continue to occupy 22,534 square feet in Building 300, while a 4,623-square-foot space within Building 500 will remain home to Paragon Associates<\/strong>.<\/p>\n

The four new tenants include Atalaya Capital Management<\/strong>, which will lease a 4,497-square-foot spec suite, while Maraboyina Capital<\/strong> signed a lease for a spec suite totaling 1,474 square feet. Child Care Investments LLC<\/strong> agreed to occupy 4,915 square feet of space and Stonegate Capital Partners Inc.<\/strong> inked a 1,960-square-foot lease.<\/p>\n

Lease negotiations were a team effort: Cushman & Wakefield<\/strong> represented UBS Financial Services and Atalaya Capital Management, while Newmark<\/strong> worked on behalf of Stonegate Capital Partners.<\/p>\n

A Class A+ office in Uptown Dallas<\/h2>\n

The LEED Silver-certified building was originally built in 1983 but underwent a complete renovation in 2016, CommercialEdge data shows. The multi-tenant property composed of three connected office towers also includes a hotel, a spa, a coffee shop, restaurants, as well as a five-level underground parking structure with a ratio of 5 spaces per 1,000 square feet.<\/p>\n

The Crescent covers nearly 10 acres at 100 Crescent Court. The property features 30,560-square-foot floorplates with ceiling heights between 9 and 12 feet, as well as 164,696 square feet of premier retail space.<\/p>\n

The tenant roster includes PNC Bank, Cyber Defense Labs and Regus, among many others. Based on CommercialEdge data, the Dallas-Fort Worth metro closed the first quarter with a 17.3 percent office vacancy<\/a>, a 20-basis-point rise month-over-month, but well below the 19.1 percent as of last March.<\/p>\n

Recently, Bandera Ventures signed a new lease<\/a> with Grant Thornton LLP at Ross Tower, a 1.1 million-square-foot office tower within the CBD. The tenant will occupy 24,600 square feet of space.<\/p>\n","protected":false},"excerpt":{"rendered":"

UBS Financial Services and JPMorgan Chase renewed their commitments. <\/p>\n","protected":false},"author":1763,"featured_media":1004580106,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,21742,21747],"tags":[41222,38853,32799,35274,50999,36053],"class_list":["post-1004580100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-latest","category-office","tag-atalaya-capital-management","tag-crescent-real-estate-holdings","tag-cushman-wakefield","tag-jpmorgan-chase","tag-newmark","tag-ubs"],"acf":[],"yoast_head":"\nCrescent Real Estate Lands New Leases, Renewals in Uptown Dallas - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"UBS Financial Services and JPMorgan Chase renewed leases at The Crescent in Uptown Dallas with landlord Crescent Real Estate.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/crescent-real-estate-lands-new-leases-renewals-in-uptown-dallas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crescent Real Estate Lands New Leases, Renewals in Uptown Dallas\" \/>\n<meta property=\"og:description\" content=\"UBS Financial Services and JPMorgan Chase renewed leases at The Crescent in Uptown Dallas with landlord Crescent Real Estate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/crescent-real-estate-lands-new-leases-renewals-in-uptown-dallas\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-11T20:36:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T16:48:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/The-Crescent-Image-courtesy-of-Crescent-Real-Estate--e1652274984352.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"999\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Agota Felhazi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crescent-real-estate-lands-new-leases-renewals-in-uptown-dallas\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/crescent-real-estate-lands-new-leases-renewals-in-uptown-dallas\/\",\"name\":\"Crescent Real Estate Lands New Leases, Renewals in Uptown Dallas - 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