The Crescent® is a unique, luxury, mixed-use property with 1.1 million square feet of office space and 165,000 square feet in the atrium. A prestigious location includes the finest office space, hotel accommodation, restaurants, spa and retail.
Pasaca Capital opens 7,402 square feet in Dallas and Goldenrod Companies signs a 4,357 square foot lease for a new Dallas office in The Crescent
Crescent’s clientele … includes a high percentage of clients from the legal, financial and service industries, which makes them an excellent solution for professional service companies. “
– Tony Click, Vice President Leasing at Crescent
DALLAS, TEXAS, U.S., Aug. 18, 2021 /EINPresswire.com/ – Crescent Real Estate LLC (Crescent) has signed a 7,402 square foot lease to Pasaca Capital, Inc. to build The Crescent®’s newest office in Pasaca. The Crescent will also serve as the Goldenrod Companies’ Dallas office. Goldenrod signed a 4,357-square-foot lease.
Pasaca Capital, headquartered in Pasadena, California, currently has offices in the United States, Hong Kong, Singapore, mainland China, and Europe. Pasaca is primarily focused on equity investments, targeting innovative technologies and products, and helping inventors maximize commercial value in the world market.
“Dallas is one of the largest and fastest growing cities and has one of the most important financial services centers in the US,” said Sean Rogers, CEO of Pasaca Capital, Inc. “The Crescent is Dallas’ first multi-purpose business complex and is home to many of the leading companies the financial services industry. It is exactly the right place for us. ”
Crescent’s Tony Click found that not only is The Crescent an iconic building in Dallas, but it also has a high percentage of clients in the legal, finance and service industries, making it a great solution for professional service companies.
“The Crescent management team has been very helpful in building our presence here in Dallas as we seek to expand and diversify our investment portfolio,” added Rogers.
Derek Lewis with Lincoln Property represented Pasaca on its lease with Crescent.
Goldenrod Companies, based in Omaha, Neb., Selected the “iconic” The Crescent to enter the Dallas market.
“While there is no shortage of high-quality office buildings in the Metroplex, there are fewer than a handful of iconic projects that everyone knows by name, which was a priority for us,” says Brandon Schubert, Director of Investments at Goldenrod. “The Crescent has checked all of the criteria for us and we are delighted to be part of their first-class list of tenants.”
Goldenrod’s real estate experts use their knowledge and many years of planning experience to implement development projects on time and on budget and to successfully implement real estate investment strategies in the central US markets.
Wills Bauer and Dante Krieger with Stream represented Goldenrod.
Crescent’s Click and Jordyn Allen represented The Crescent in both lease negotiations.
The Crescent has signed nearly 250,000 square feet of new leases, lease extensions and extensions since early 2021, and welcomes its customers again. The Crescent management team continues to strive to create a healthy and safe work environment with regular cleaning and new technology. More than 80 percent of the workforce has returned to the office in the past few weeks, and clients are ready to return from work at home to the vibrancy and activity of The Crescent, said John Zogg, managing director of asset management at Crescent.
The prestigious office space at The Crescent includes three interconnected office towers surrounded by outdoor green spaces, major retail stores, eleven casual and upscale restaurants, the luxurious Hotel Crescent Court and Spa, and Stanley Korshak, a Dallas emporium that provides customers with service and quality merchandise . Dining options at The Crescent include Dallas’s best and trendiest restaurants such as The Capital Grille, Sixty Vines, Moxie’s Grill & Bar, Ascension, East Hampton, Shake Shack, and the entrenched Nobu and The Crescent Club.
ABOUT CRESCENT
Crescent Real Estate LLC (Crescent) is a real estate company and investment advisor founded by Chairman John C. Goff with assets under management, development and investment capacity of more than $ 10 billion. Via the GP Invitation Fund I and the GP Invitation Fund II, the company acquires, develops and operates all real estate asset classes in addition to institutional investors and wealthy customers. Crescent’s world-class real estate portfolio consists of Class A and creative office, multi-family, hospitality and senior citizen homes in the United States, including The Ritz-Carlton, Dallas, and leading wellness lifestyle company Canyon Ranch®. More information is available at www.crescent.com.
Dennis E. Winkler
Crescent real estate
+1 713-259-0195
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August 18, 2021, 6:30 PM GMT
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