Two investment firms expand Dallas operations to The Crescent

Two financial tenants are expanding their footprint in Uptown Dallas’ iconic Crescent complex.

California-based global investment bank Houlihan Lokey is taking 44,337 square feet of space at The Crescent to accommodate future growth.

“Our expansion will make us one of the largest tenants in the Crescent,” Rick Lacher, general manager of Houlihan Lokey, said in a statement.

And New York-based Rockefeller Capital Management expands to 19,291 square feet of Crescent office space.

Originally founded in 1882 as the family office of John D. Rockefeller, the investment firm has had a presence in The Crescent since 2018.

“The name Rockefeller has long been synonymous with all things wealth, and The Crescent is known as the financial center of the Southwest,” Michael R. Armondo, managing director of Rockefeller Capital Management, said in a statement. “We look forward to expanding our presence in Dallas with The Crescent as our partner.”

Travis Ewert of Colliers and Jihane Boury of CBRE Group negotiated the Houlihan Lokey lease. Mike Wyatt and Barrett Jones of Cushman & Wakefield managed Rockefeller’s expansion. Tony Click and Jordyn Allen of Crescent Real Estate worked on both lease negotiations.

So far this year, The Crescent has seen over 300,000 square feet of new, expanded and renewed office leases. “This year we added banking, investment bankers, wealth management, family offices and private equity,” Click said.

In March, a fund represented by Fort Worth-based Crescent Real Estate paid about $700 million to buy the more than 1 million square foot Crescent complex at McKinney Avenue and Pearl Street.

The sale was one of the largest commercial real estate transactions ever in the Dallas area.