July 19, 2017
Crescent Real Estate struck a deal with Corgan for the latter’s headquarters. The agreement means the Fort Worth-based Crescent will buy the Dallas architect’s building at 401 N. Houston St. in Dallas’ West End, on the central business district’s northwest side.
New owner Crescent will build a much-needed expansion for Corgan, which has been busy with Toyota’s new North American headquarters in Plano, TX, and the State Farm Insurance campus in Richardson, TX. Corgan announced its headquarters expansion in August 2016.
Corgan will continue occupying the three-story building through a long-term lease, while Crescent builds the eight-story expansion right next door. The deal will represent Crescent’s first ground-up development deal in Dallas.
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