Goldman Sachs And J.P. Morgan Provide $596 Million Refinance Loan For The Crescent In Dallas

The Crescent is a mixed-use property located at 100, 200, 300 & 500 Crescent Court in Dallas, comprising a total square footage of 1,300,000. The asset includes three Class A office towers and a retail atrium building, which have recently undergone extensive renovations. The property is currently 90% leased.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $596,000,000
• Lender: Goldman Sachs & J.P. Morgan
• Landlord: John Goff - Crescent Real Estate LLC
• Brokers: Trey Morsbach, Jim Curtin & Christopher Pratt - JLL
• Loan Type: Refinance
• Loan Terms: three-year, floating-rate

This refinancing arrangement was facilitated by JLL, which closed the deal on behalf of Crescent Real Estate LLC. The loan allows for a new three-year floating-rate CMBS refinancing for the landmark property in Uptown Dallas, enhancing the financial framework supporting The Crescent.