JLL‘s Capital Markets has arranged a $596 million refinancing for the office towers and atrium building at The Crescent, a landmark mixed-use property totaling 1.3 million square feet in Uptown Dallas.
JLL worked on behalf of Crescent Real Estate LLC to secure the three-year, floating-rate CMBS loan through Goldman Sachs and J.P. Morgan.
The Crescent is one of Dallas’ most iconic real estate landmarks, consisting of The Cresent office towers, which are three world-class office towers with ground-floor retail totaling more than 1.21 million square feet, and the atrium building, a 167,510-square-foot, three-story building home to some of the top luxury retailers and restaurants in the city. Originally built in the 1980s, The Crescent has been substantially renovated in the last five years and is surrounded by quality amenities, including the Hotel Crescent Court and The Spa at The Crescent, a full-service fitness center, eleven restaurants, luxury shopping, an art
