JLL has arranged a $596M refinancing for The Crescent, a Class-A office property in Uptown Dallas.
JLL’s Trey Morsbach, Jim Curtin and Christopher Pratt worked on behalf of Crescent Real Estate to secure a three-year, floating-rate CMBS loan through Goldman Sachs and J.P. Morgan, according to a JLL press release. 
The new refinancing deal will cover the properties at 100-300 and 500 Crescent Court. This includes 1.2M SF of office space across three towers, as well as a 168K SF retail atrium. 
JLL didn’t immediately respond to Bisnow’s request for comment.
The Crescent was built in the 1980s and has become an icon of Uptown Dallas. The office space has attracted tenants such…