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Crescent Sells Ptarmigan Place

Texas REIT Nets $28.2M on Sale of Half-Leased Office Building
By Tim Trainor
CoStar News
June 21, 2004 | 5:00 P.M.

Texas-based Crescent Real Estate Equities (NYSE:CEI) sold Ptarmigan Place, a 418,630-square-foot office property at 3773 Cherry Creek Drive southeast of downtown Denver. The half-leased building was purchased by a new fund managed by Denver Tech Center to acquire distressed office properties in the Denver region, according to brokers.

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News | Crescent Sells Ptarmigan Place