Crescent Real Estate LLC has signed a nine-year lease deal at The Crescent, a new expansion and renewal for the 158,949-square-foot building in Dallas.

The Crescent, which has been leased and managed since 1994, fully purchased the building in March through GPIF TC Owner LLC, an affiliate of Crescent, according to a statement.

The Crescent's purchase solidifies the long-term relationship with a 1.3-million-square-foot luxury office and mixed-use development building used to assist, manage and develop companies in an aggressive manner to recruit and retain customers during the "hot 2021 commercial real estate market."

“As North Texas emerges as a hotbed of corporate relocations, Crescent is seizing this great opportunity to attract new customers and retain current customers at one of the most desired office spaces in North Texas,” Tony Click, Vice President Leasing for Crescent, said in the statement. 

“We are on an aggressive pace, securing nearly 160,000 square feet of new, renewed and expanded leases in the first half of the year. We could add to those impressive first-half totals with prospective deals being discussed to bring customers to North Texas’ premier mixed-use office and retail development."

New deals, renewals and expansions in partnership with Crescent Real Estate LLC include Portfolio Advisors, LLC; Presidio Trading, LLC; Caelus Energy, LLC; Highlander Partners, L.P; The Blum Firm P.C.; KR Wealth Management; Paragon Associated Joint Venture Limited; Turnbridge Capital LLC and Woodforest National Bank.

Among the new lease deals announced in April included multiple bank and medical entities, technology and management groups and other predominate businesses, according to the release. 

An exclusive retail option was always given to Stanley Korshak, "a Dallas emporium that pampers customers with service and high-quality merchandise," which will be present in the building aside the luxury Hotel Crescent Court and Spa, special dining and The Crescent Club.