JLL's Capital Markets group announced it 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 the heart of Uptown Dallas, Texas. 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 90% leased to top tenants such as Jeffries, BankUnited, BMO Harris Bank, Wells Fargo, PNC Bank, Raymond James, UBS and more.
JLL's Capital Markets Debt Advisory team representing the borrower was led by Executive Managing Director Trey Morsbach, Senior Managing Director Jim Curtin and Director Christopher Pratt. JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers.
Jones Lang LaSalle Incorporated is a commercial real estate and investment management company. The Company operates through five segments: Markets Advisory, Capital Markets, Work Dynamics, JLL Technologies and LaSalle. Markets Advisory segment offers local expertise across the globe, covering a comprehensive range of services across asset types. It aggregates such services into three categories: Leasing, Property Management, and Advisory, Consulting and Other. Capital Markets segment provides full-service capital solutions, including Debt advisory, Loan sales, Equity advisory, Loan servicing, and Investment sales and advisory. Work Dynamics segment offers a single, cohesive service delivery team. JLL Technologies segment offers professional services, including program and project management, implementation and support, managed services, and advisory/consulting services. LaSalle segment invests institutional and individual capital in real estate assets and securities.
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