FORT WORTH, TX, (May 20, 2011) – Crescent Real Estate Holdings LLC announced today that Torch Energy Advisors, Inc. signed a lease renewal of 25,696 square feet at 4 Houston Center in Houston’s Central Business District. Debbie Wilson of Crescent Real Estate represented the owner, Crescent HC Investors, L.P. while Brett Blanchard, David Anderson and Anthony Fritsche of Fritsche Anderson Realty Partners, LLC represented Torch.
“We are pleased to renew the lease with Torch. Torch has been a customer in 4 Houston Center for 25 years; they are a nice fit with the energy and financial customers in Houston Center,” said Wilson. “For Torch, as well as our other customers, the amenities and convenience of Houston Center are quite attractive, whether it is convenience to downtown sports venues, Discovery Green or the convention center and related hotels.” “We are excited to recently have added new convenient services to Houston Center,” Wilson added. “In April, Kelsey-Seybold expanded it’s presence in Houston Center with a high-quality medical facility to go along with Kelsey’s pharmacy in The Shops at Houston Center. Earlier this year, Crescent enhanced and renovated the food court at The Shops to continue to boost the retail shopping, casual and fine dinning and entertainment experience at The Shops.”
Torch Energy Advisors Inc. is a privately held, Houston-based energy company founded in 1981 to originate and manage investments in energy assets for institutional investors. Torch has invested and managed more than $3 billion in energy assets. Torch has subsidiary companies operating in upstream and midstream activities and oil and gas services. Torch has acquired, developed, managed and operated interests in over 8,000 wells, has 57 gas gathering systems and 567 miles of pipeline, as well as crude oil, natural gas and specialty chemicals facilities. Torch or its subsidiary companies manage oil and gas assets and provide strategic, operational, financial and regulatory reporting services.
ABOUT HOUSTON CENTER
Houston Center is the premier business, living and leisure complex in Houston’s Central Business District. Its city-within-a-city concept features office space, luxury lodging, restaurants, shopping, banking, health and fitness, and residential high-rise living – all linked by sky bridges and underground pedestrian tunnels. Houston Center features four office towers with 4.2 million square-feet of Class A office space located in the Central Business District in Houston, TX, and is currently 91% leased. The multi-block complex has been artfully developed according to classic design principles as an exciting urban environment for people. For more information, visit Houston Center website at www.houstoncenter.com.
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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