{"id":467701,"date":"2025-12-24T00:07:12","date_gmt":"2025-12-24T00:07:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/467701\/"},"modified":"2025-12-24T00:07:12","modified_gmt":"2025-12-24T00:07:12","slug":"crescent-real-estate-adds-to-uptown-dallas-empire-with-another-tower","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/467701\/","title":{"rendered":"Crescent Real Estate adds to Uptown Dallas empire with another tower"},"content":{"rendered":"<p class=\"body-text-paragraph\">Another one. Fort Worth-based <a href=\"https:\/\/crescent.com\/\" target=\"_blank\" rel=\"noopener\" title=\"https:\/\/crescent.com\/\">Crescent Real Estate<\/a> has purchased another Uptown Dallas tower, adding to its growing empire in the booming district.<\/p>\n<p class=\"body-text-paragraph\">Dallas County deed records show the firm purchased the 19-story property from the seller, <a href=\"https:\/\/www.dallasnews.com\/business\/2016\/01\/25\/new-funding-and-ownership-for-uptown-dallas-tower\/\" target=\"_blank\" rel=\"noopener\" title=\"https:\/\/www.dallasnews.com\/business\/2016\/01\/25\/new-funding-and-ownership-for-uptown-dallas-tower\/\">a joint partnership between Metropolitan Life Insurance Co. and New York Common Fund<\/a>. <\/p>\n<p class=\"body-text-paragraph\">The purchase price was not disclosed. Crescent Real Estate did obtain $170.4 million in loans to fund the deal, records show. The deal closed Dec. 17.<\/p>\n<p class=\"body-text-paragraph\">The Dallas Central Appraisal District most recently valued the more than 360,000-square-foot property at $184.8 million for tax purposes.<\/p>\n<p>D-FW Real Estate News<\/p>\n<p class=\"dmnc_features-cta-social-article-cta-social-module__3beff secondaryRoman secondaryRoman-20 text-center text-gray-dark\">Get the latest real estate news you need to know.<\/p>\n<p class=\"dmnc_features-cta-social-article-cta-social-module__8MgJa flex flex-wrap text-gray-dark secondaryRoman secondaryRoman-10 text-center justify-center\">By signing up, you agree to our\u00a0<a class=\"dmnc_features-cta-social-article-cta-social-module__lU9-l border-b border-gray-dark hover_border-0 focus_border-0 active_border-0\" href=\"https:\/\/www.dallasnews.com\/help\/terms-of-service\/\" target=\"_blank\" rel=\"noopener\">Terms of Service<\/a>\u00a0and\u00a0<a class=\"dmnc_features-cta-social-article-cta-social-module__lU9-l border-b border-gray-dark hover_border-0 focus_border-0 active_border-0\" href=\"https:\/\/www.dallasnews.com\/help\/privacy-policy\" target=\"_blank\" rel=\"noopener\">Privacy Policy.<\/a><\/p>\n<p class=\"body-text-paragraph\">Attempts to contact Crescent Real Estate and a representative for the seller were not returned before publication. <\/p>\n<p class=\"body-text-paragraph\">Founded by billionaire John Goff, Crescent Real Estate has grown its presence in Uptown since <a href=\"https:\/\/www.dallasnews.com\/business\/real-estate\/2021\/03\/23\/crescent-real-estates-john-goff-is-getting-ready-for-a-post-covid-boom\/\" target=\"_blank\" rel=\"noopener\" title=\"https:\/\/www.dallasnews.com\/business\/real-estate\/2021\/03\/23\/crescent-real-estates-john-goff-is-getting-ready-for-a-post-covid-boom\/\">purchasing its namesake Crescent complex<\/a> in a 2021 deal worth as much as $700 million.<\/p>\n<p class=\"body-text-paragraph\">Just down the road, the firm <a href=\"https:\/\/www.dallasnews.com\/business\/real-estate\/2025\/10\/03\/d-fw-real-estate-roundup-office-tower-overlooking-klyde-warren-park-sells-for-2025-record\/\" target=\"_blank\" rel=\"noopener\" title=\"https:\/\/www.dallasnews.com\/business\/real-estate\/2025\/10\/03\/d-fw-real-estate-roundup-office-tower-overlooking-klyde-warren-park-sells-for-2025-record\/\">purchased The Texas Capital Center<\/a> at 2000 McKinney Ave. in October from German-based seller Union Investment. It\u2019s the largest office transaction this year in Dallas-Fort Worth.<\/p>\n<p class=\"body-text-paragraph\">Union Investment bought the property in 2016 for about $226 million. The sale price wasn\u2019t disclosed, but Union Investment said it \u201cis above the latest valuation.\u201d<\/p>\n<p class=\"body-text-paragraph\">The tower at 2100 McKinney Ave. was developed by Trammell Crow Company in 1999 and renovated in 2021. The tower is approximately 95% leased, according to the property\u2019s website.<\/p>\n<p class=\"body-text-paragraph\">Tenants include real estate firm CBRE and its <a href=\"https:\/\/www.dallasnews.com\/business\/real-estate\/2025\/10\/10\/century-old-dallas-hotel-to-get-multi-million-dollar-facelift-and-other-real-estate-news\/\" target=\"_blank\" rel=\"noopener\" title=\"https:\/\/www.dallasnews.com\/business\/real-estate\/2025\/10\/10\/century-old-dallas-hotel-to-get-multi-million-dollar-facelift-and-other-real-estate-news\/\">recently renovated 95,000-square-foot office space<\/a>. CBRE\u2019s global headquarters, also in Dallas, opened last year at PwC Tower at 2121 Pearl St.<\/p>\n","protected":false},"excerpt":{"rendered":"Another one. Fort Worth-based Crescent Real Estate has purchased another Uptown Dallas tower, adding to its growing empire&hellip;\n","protected":false},"author":3,"featured_media":467702,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5138],"tags":[5229,12611,7371,7372,4329,358,3187,67,586,132,5230,20239,68,2969],"class_list":{"0":"post-467701","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fort-worth","8":"tag-america","9":"tag-commercial-real-estate","10":"tag-fort-worth","11":"tag-fortworth","12":"tag-real-estate","13":"tag-texas","14":"tag-tx","15":"tag-united-states","16":"tag-united-states-of-america","17":"tag-unitedstates","18":"tag-unitedstatesofamerica","19":"tag-uptown-dallas","20":"tag-us","21":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115771634279694712","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/467701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=467701"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/467701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/467702"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=467701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=467701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=467701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}