Core Insights - JLL arranged a $596 million refinancing for The Crescent, a mixed-use property in Uptown Dallas, Texas [1] - The property spans 1.3 million square feet and includes trophy office space and luxury retail [1] - The refinancing was secured through a three-year, floating-rate CMBS loan from Goldman Sachs and J.P. Morgan [1] Property Overview - The Crescent consists of three office towers and an atrium building, totaling 1,206,239 square feet of office space and 167,510 square feet of retail [1] - The property has undergone significant renovations in the last five years and is surrounded by high-quality amenities [1] - It is 90% leased to prominent tenants including Jeffries, BankUnited, and Wells Fargo [1] Market Context - Uptown Dallas has become the highest performing submarket in the city, with a 57.1% rent growth since 2014 [1] - The area is characterized by its affluent neighborhoods and has seen a scarcity of Tier 1 office products [1] Company Background - Crescent Real Estate LLC manages over $10 billion in assets and operates across various real estate asset classes [1] - JLL is a leading global commercial real estate and investment management company with annual revenue of $23.4 billion [1]