DALLAS, July 6, 2020 – Crescent Property Services LLC (Crescent) and institutional investors advised by J.P. Morgan Asset Management announce the signing of Commerce Bank to a new lease at The Crescent®. Commerce Bank will occupy 8,982 square feet in Suite 1350 of the 200 Building in The Crescent®, a unique 1.3 million-square-foot luxury office and mixed-use development combining iconic architecture with modern amenities in Dallas’ Uptown.
Brokers for Commerce Bank were CBRE’s Phil Puckett, Neal Puckett, and Harlan Davis. Tony Click and Marissa Parkin represented The Crescent®, which is owned by institutional investors advised by J.P. Morgan Asset Management and managed by Crescent. Commerce Bank occupied the space beginning in June.
Commerce Bank is moving from Harwood No. 4 to The Crescent®. The bank secured a lease in The Crescent’s prestigious office space, which features three connected office towers surrounded by outdoor green spaces, significant mix-use retail, numerous casual and fine dining options, as well as the luxury Hotel Crescent Court and Spa.
Some of The Crescent® amenities include Dallas’ finest and trendy restaurants, such as the Capital Grille, Nobu, Moxie’s Grill & Bar, Sixty Vines, Ascension, East Hampton, and Shake Shack, as well as the well-established The Crescent Club. Exclusive retail options are anchored by Stanley Korshak, a Dallas emporium that pampers customers with service and high-quality merchandise, and Bivins Gallery, which showcases world-renowned and select emerging artists with various concentrations of artwork from modern, abstract, and contemporary periods.
Commerce Bank was searching for a premier office building with a recognizable name, prime location, and on-property amenities, as well as ease of access out of Uptown to major North/South thoroughfares, according to Christopher W. Holder, Commerce Bank’s Dallas Market President.
“Our employees are excited to be associated with The Crescent name and their tenant clientele. It provides good exposure for the Commerce Bank brand and adds to our ability to recruit and retain young professionals,” said Holder.
Commerce Bank’s brand represents more than 150 years of experience as a personal and business bank helping the American economy grow and rebuild.
Crescent’s John Zogg feels The Crescent® is a good fit for Commerce Bank. “With about half of The Crescent® office space leased to companies in the financial industry and another large percentage of our customers providing professional services, Commerce Bank is a perfect addition to our customer base,” said Zogg, Managing Director of Crescent.
“Superior customer service provided by Crescent’s talented property management staff along with upgrades and modern amenities continues to position The Crescent® as one of Dallas’ most attractive office spaces,” Zogg added.
Commerce Bank’s Holder concurs. “The pleasant surprise was the level of care, support, and communication that comes from the Crescent leadership team, especially during these times,” Holder added.
Back to All News