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JLL Secures $596M Refinancing for Dallas’ The Crescent Amid Market Volatility

JLL Secures $596M Refinancing for Dallas’ The Crescent Amid Market Volatility

Author:

Global Cryptocurrency

Published:

2026-02-12 20:36:02

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Jones Lang LaSalle Incorporated (JLL) capitalized on Dallas' booming office market by arranging a $596 million refinancing for The Crescent, a landmark mixed-use property in Uptown. The three-year floating-rate CMBS facility, brokered through Goldman Sachs and J.P. Morgan, underscores confidence in the asset's 90% occupancy by financial tenants.

Uptown Dallas office rents have surged 57.1% since 2014, defying broader market pressures that dragged JLL shares down 11.56% to $268.08. The Crescent's 'Wall Street of Dallas' moniker reflects its prestige, housing 1.2 million square feet of office space and luxury retail in a prime location.

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