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Cogent ISP Forms Clique with 57 Crescent Bricks, 25-Mil SF Getting Connected

FT. WORTH-A Washington, DC-based ISP finalizes a pact for high-tech service delivery to 57 class A properties in the Crescent Real Estate Equities portfolio. The deal is just part of a 1.5-year aggressive nationwide play for high-end bricks in major markets.

By Connie Gore | Updated on November 30, 2000

FT. WORTH-Crescent Real Estate Equities Ltd., based in Ft. Worth, has inked a deal with Washington, DC-based Cogent Communications Inc. to provide high-speed, fiber-optic service to 57 class-A office buildings with an aggregate 25 million sf.

The properties, which boast a combined 1,600-tenant roster, are situated in eight cities and include Dallas-Ft. Worth, Houston and Washington, DC. Meanwhile, Cogent is negotiating deals with other REITs that have office properties in Austin and San Antonio. Denver too is on Cogent’s “to do” list.

The contract, which is not exclusive, comes about three months after signing a similar pact for 23 buildings with 5.6 million sf and about 2,000 tenants that are overseen by Jamison Properties Inc., a leading property management and leasing firm in Los Angeles. Cogent has been aggressively pursuing key contracts to set up a coast-to-coast network for the upscale multi-tenant industry. The Crescent contract puts the next-generation ISP provider “well over the 100-million sf mark,” David Schaeffer, Cogent founder and CEO, tells GlobeSt.com.

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