FORT WORTH, TX, (September 17, 2010) – Crescent Real Estate Holdings LLC announced today that Fulcrum Power Services L.P. signed a new lease of 34,132 square feet at 3800 Buffalo Speedway in Greenway Plaza in Houston. Warren Savery and Bubba Harkins of Crescent Real Estate represented the owner, Crescent Crown Greenway Plaza SVP LLC. Angus Hughes of Cushman & Wakefield of Texas represented Fulcrum Power.
“Fulcrum’s goal was to consolidate three separate office locations into one building,” said Harkins, leasing manager for Crescent. “The top floor of 3800 Buffalo Speedway presented itself as a valuable solution to meet Fulcrum’s growing needs. Timing was a critical component with both sides working diligently to complete the transaction.”
Fulcrum Power Services is a retail electric provider serving both residential and small-to-medium commercial customers throughout Texas. Fulcrum provides retail power through its operating subsidiaries, Amigo Energy and Tara Energy. In addition, Fulcrum manages physical, financial and commercial energy transactions and logistics for power generators (renewable and fossil fuel assets), other retail electricity providers, large consumers, and financial entities.
ABOUT GREENWAY PLAZA
Greenway Plaza, Houston’s premier master planned business development, is a 10-building complex featuring 4,348,052 square feet of Class A office space. The campus is also home to The Shops at Greenway, which include a unique selection of retail options and a full service food court. Located just five miles southwest of downtown Houston, the 55-acre business park and mix-use community includes residential condominiums, a luxury hotel and comprehensive athletic/social club, and provides easy access to major thoroughfares and convenient transportation alternatives. For more information, visit Greenway Plaza’s web site at www.greenwayplaza.com.
ABOUT CRESCENT
Crescent Real Estate Holdings LLC is headquartered in Fort Worth, Texas. 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 Web site at www.crescent.com.
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