Crescent Real Estate Acquires 2100 McKinney Office Tower In Dallas For $170.4 Million

The 19-story office tower located at 2100 McKinney Avenue in Dallas has a square footage of 360,859. Crescent Real Estate purchased the property for a total of $170.4 million in financing. The seller of the asset was a joint partnership consisting of Metropolitan Life Insurance Co. and the New York State Common Retirement Fund. The building, designed by HOK, was developed in 1999 and underwent renovations in 2021. It is positioned across from the Ritz-Carlton and is in proximity to Klyde Warren Park, enhancing the location's appeal within the Uptown Dallas market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $170.4 million
• Address: 2100 McKinney Avenue
• Market: Dallas
• Buyer: John Goff & Conrad Suszynski - Crescent Real Estate
• Seller: Metropolitan Life Insurance Co. & New York State Common Retirement Fund

John Goff and Conrad Suszynski represent Crescent Real Estate in this transaction. The acquisition adds to Crescent’s extensive portfolio in Uptown Dallas, which includes notable properties such as the building housing CBRE. The involvement of major entities such as Metropolitan Life Insurance Co. and the New York State Common Retirement Fund highlights the significance of this sale within the commercial real estate sector.