HOUSTON, TX, (July 7, 2010) – Crescent HC Investors, L.P. announced today that Gastar Exploration USA, Inc. signed a lease renewal for 12,823 square feet at 4 Houston Center. Debbie Wilson, vice president of leasing at Crescent, represented Houston Center and Crescent HC Investors, L.P., while Joe Peddie and Kevin Saxe of Cushman & Wakefield represented Gastar Exploration.
“Crescent is pleased to renew Gastar for another five plus years,” said Robert H. Boykin, Jr., managing director of leasing at Crescent. “Gastar is a growing independent exploration and development company and a valued member of Houston Center’s portfolio of energy customers.”
Gastar Exploration is a Houston-based exploration and production company focused on finding and developing natural gas assets in North America. The Company owns and operates exploration and development acreage in the deep Bossier gas play of East Texas and Marcellus Shale play in West Virginia and Pennsylvania. The Russell 2000 Index just recently added Gastar to its ranking of top market capitalization companies, a measure of Gastar’s strength and success in exploration and production of U.S. energy resources.
Houston Center is a 4.2 million square-foot Class A office complex 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 the Houston Center website at www.houstoncenter.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 more than 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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