Pittsburgh-based PNC Bank – which recently acquired BBVA’s American banking operations – is growing its footprint in Uptown Dallas’ Crescent complex.
PNC has expanded its offices at the Crescent with a new lease totaling 55,519 square feet. Its offices at the Crescent predate the BBVA purchase, starting in 2017.
“The Crescent provided many advantages as PNC Bank’s office when we first entered the Dallas market and has helped us grow,” Brendan McGuire, Regional President of PNC Bank, said in a statement. “The Crescent is a convenient location, has the necessary amenities, and attracts professional firms, especially banking and wealth management, all of which will help sustain our growth.”
Billy Gannon and Howard Watkins of Transwestern negotiated the new PNC Bank lease with Tony Click and Jordyn Allen of Crescent Real Estate.
PNC Bank is just one of the many financial tenants in the Crescent’s more than 1 million square feet of office space.
“Since we offer a premier asset surrounded by desired amenities in pedestrian-friendly Uptown Dallas, The Crescent has been able to attract and retain a high percentage of customers from financial, legal, and professional services,” Click said.
Fort Worth-based Crescent Real Estate earlier this year purchased the Crescent office and retail buildings located just north of downtown Dallas.
Designed by famed architect Philip Johnson and built in the 1980s, the Crescent anchors the Uptown Dallas district with some of the highest office rents in the state.