FORT WORTH, TX, (August 19, 2010) – Crescent Real Estate Holdings LLC announced today that Treadstone Management, LLC signed a new lease of 5,663 square feet at Trammell Crow Center in the Arts District of Dallas. Katy Cleary represented the owner, CW-#11 Limited Partnership, while Manny Ybarra of Pillar Commercial represented Treadstone.
“We are honored that the Treadstone financial organization has chosen Trammell Crow Center as its new long-term home. Key to the firm in selecting the new office space was the building’s prime 42nd floor location overlooking the Arts District and the future Woodall Rodgers Park,” noted Crescent’s leasing agent Katy Cleary. Phil Dixon, Treadstone President, added “With the success of the Arts District, we think that the point where business and culture come together will be the future of Dallas. Trammell Crow Center is the perfect fit.”
Treadstone Management, LLC is a Dallas-based private investment firm. Founded in 1993, the firm makes investments in lower-to-middle market operating companies, that are, typically, over-leveraged, under-managed or confronting some other event-driven development. The firm has a distinctive expertise with special situation, alternative investments that are outside the mainstream of traditional investment opportunities. Investments include distressed-debt portfolios, corporate restructurings, recapitalization of under-valued companies, and the rehabilitation of real estate assets.
Trammell Crow Center, located in the Arts District of Dallas, totals 1.2 million square feet on 50 floors, with a polished and flamed granite exterior and garden plaza, bordered by the Crow Collection of Asian Art.
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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