Crescent Announces New Leases at Hughes Center in Las Vegas

LAS VEGAS, NV (March 20, 2012) – Crescent Real Estate Holdings LLC announced today that it has signed four new lease transactions during the first quarter of 2012 at Hughes Center, Nevada’s largest and leading Class A office project celebrating its 25th anniversary this year.

Bob Boykin, managing director for leasing in Las Vegas and Houston for Hughes Center owner Crescent Real Estate Holdings LLC, said newly signed or renewed customers include:

  • Hendricks & Partners signed a 12-month lease extension for 965 square feet at 3770 Howard Hughes Parkway, Suite 280, in Hughes Center. Colliers International’s Tom Stilley, Lizz Stilley, Ryan Martin, CCIM, and Patti Dillon represented Crescent Real Estate Equities.
  • Burns & Wilcox, LTD signed a 72-month new lease for 2,088 square feet at 3773 Howard Hughes Parkway, Suite 320N. Brad Peterson, of CB Richard Ellis in Las Vegas, represented the lessee. Colliers International’s Tom Stilley, Lizz Stilley, Ryan Martin, CCIM, and Patti Dillon represented Crescent Real Estate Equities.
  • JPMorgan Chase Bank signed a 46-month lease expansion for 3,963 square feet at 3770 Howard Hughes Parkway, Suite 240. Mike Dunn, of Commerce CRG in Las Vegas, represented the lessee. Colliers International’s Tom Stilley, Lizz Stilley, Ryan Martin, CCIM, and Patti Dillon represented Crescent Real Estate Equities.
  • PB Americas, Inc. signed an 11.5-month lease renewal for 7,127 square feet at 3930 Howard Hughes Parkway, Suite 300. Colliers International’s Tom Stilley, Lizz Stilley, Ryan Martin, CCIM, and Patti Dillon represented Crescent Real Estate Equities.

ABOUT HUGHES CENTER

Hughes Center, celebrating its 25th year as “Nevada’s Business District,” is located near Paradise and Flamingo Roads just east of the Las Vegas Strip. It features the largest and leading array of Class A office buildings and related amenities in Nevada. Completed in 1986, Hughes Center includes 10 office buildings totaling nearly 1.4 million square feet of Class A office space. The mixed-use center also houses seven restaurants, a Residence Inn by Marriott hotel, locations of Starbucks Coffee and FedEx Office, and the Park Towers luxury high-rise condominium development.

ABOUT CRESCENT

Crescent Real Estate Holdings LLC is headquartered in Fort Worth, Texas. Through its subsidiaries, Crescent owns or manages a portfolio of 26 premier office buildings totaling over 9.5 million square feet located in select markets across the United States with major concentrations in Fort Worth, 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.