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Article: Crescent Announces the Sale of 301 Congress Avenue.
- Article from:
- Business Wire
- Article date:
- June 6, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FORT WORTH, Texas -- Crescent Real Estate Equities Company (NYSE:CEI) today announced the sale of 301 Congress Avenue, a 418,338 square-foot Class A office property located in downtown Austin, Texas. The property was owned in a 50/50 joint venture with Aetna Life Insurance Company. Crescent's share of the net gain is approximately $35 million, which will be recorded in the second quarter.
ABOUT THE COMPANY
Crescent Real Estate Equities Company (NYSE:CEI) is a real estate investment trust headquartered in Fort Worth, ...