The REIT has issued a letter of intent for the 10% interest in EMPORI.COM, an online initiative of Oxford Properties Group Inc., headquartered in Toronto. Crescent will become the first strategic partner in the e-tailer's roll-out bid for US markets. The e-tailer offers competitive pricing, performance and convenience to office buildings.
Crescent plans to integrate EMPORI.COM into select office buildings in Dallas and Houston before the year's end. The sites have not been picked, Crescent's public relations director Sandra Porter told GlobeSt.com. "It all very preliminary," she said.
Oxford plans to open additional depots in the Greater Toronto area, Calgary and Edmonton while Crescent brings sites on line in Dallas and Houston.
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