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Crescent Leases 270,000 SF in Colorado

DENVER-The Fort Worth, TX-based REIT lands four tenants in three buildings, ranging from a 15,744-sf deal to a 124,988-sf deal with MCI Worldcom worth more than $21 million over seven years.

By John Rebchook | Updated on September 19, 2001

DENVER-Fort Worth, TX-based Crescent Real Estate Equities Cos. leased more than270,000 sf in the Denver and Colorado Springs area during the past two months. Bruce Basham, Crescent’s leasing manager, represented the real estate investment trust in each transaction.

The largest deal was with MCI Worldcom, which signed a 124,988-sf, seven-year deal in the MCI Tower, where it was subleasing space. It is the second-largest office lease here this year.

The lease is valued at more than $21 million. Paul Keilt of Equis Corp. represented the telecom giant.

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