DALLAS, TX (September 20, 2011) – Crescent Real Estate Holdings LLC announced today that it has signed Dallas retail icon Stanley Korshak for another ten years. Stanley Korshak, known world-wide for its lavish customer service and high-end clothing, home furnishings, and bridal store, has occupied 63,000 square feet of the 159,000-square-foot Shops at Crescent Court since the property’s opening in 1986. Tony Click, Crescent vice president leasing, brokered the renewal.
Crawford Brock, owner of Stanley Korshak, said about the renewal, “I can’t imagine the store being anywhere else. For 25 years, customers from around the world know they can find us right here in the heart of Uptown in the most prestigious property. And our relationship with Crescent couldn’t be better. No, we’re not going anywhere.”
John Zogg, Crescent managing director, added, “We are so proud to have one of the world’s finest specialty department stores here at The Crescent. Having Stanley Korshak in our own backyard provides such an exceptional amenity for our customers and the entire Dallas community.”
On September 30, 2011, The Crescent property is hosting a fall celebration benefitting AT&T Performing Arts Center’s educational programs in honor of the property’s 25th anniversary. The event features live music by Emerald City and the Dallas String Quartet, culinary delights by property restaurants including The Crescent Club, Nobu, and The Capital Grille, and an extensive live auction offering products and experiences from the best of Dallas.
Stanley Korshak, also celebrating its 25th anniversary, will be presenting the latest men’s and women’s fashions at the event. Tickets for the Crescent Fall Celebration can still be purchased at www.crecentfallcelebration.com or 866-228-3243. Stanley Korshak opened a namesake general merchandise store in Chicago circa 1909 that grew to carry European luxury goods. The Chicago store closed in the early Eighties, and Dallas oil heiress Caroline Rose Hunt bought the rights to the name. She opened Stanley Korshak as a designer clothing store in the courtyard of shops at Rosewood Crescent Hotel® in Dallas in 1986.
During the store’s first year of operations, Hunt hired Crawford Brock to manage Stanley Korshak, and in 2002, Brock bought the retail icon. Brock’s philosophy of excellence evolved from the late Stanley Marcus, the retail oracle who transformed Neiman Marcus from an obscure Dallas gem into an international fashion nameplate. Marcus personally schooled Brock for eight years, emphasizing customer service, obtaining the best merchandise, keeping up with the lifestyles of clients, and maintaining close relationships with vendors.
ABOUT THE CRESCENT OFFICE TOWERS AND SHOPS AT CRESCENT COURT
The Crescent property is owned by Crescent TC Investors, L.P., a joint venture of Crescent Real Estate Equities Limited Partnership, institutional investors advised by J.P. Morgan Asset Management, and other institutional investors. Designed by nationally-acclaimed architect Philip Johnson, The Crescent Office Towers total 1.1 million square feet in three contiguous buildings and, with the adjacent 159,000-square foot Shops at Crescent Court, are the centerpiece of uptown Dallas.
ABOUT CRESCENT
Crescent Real Estate Holdings LLC, headquartered in Fort Worth, Texas, is a fully-integrated real estate company owned by Barclays Capital and Goff Capital. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of 35 premier office buildings totaling over 17 million square feet located in select markets across the United States with major concentrations in Dallas, Houston, Denver and Las Vegas. Crescent also holds investments in resort residential developments in locations such as Scottsdale, Vail Valley, and Lake Tahoe; luxury hotels; and the wellness lifestyle leader, Canyon Ranch®. For more information, visit Crescent’s website at www.crescent.com.
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