Crow Holdings will acquire real estate interests at the Dallas Market Center from CNL Lifestyle Properties Inc., making it the solo owner of the complex of commercial buildings. The agreement, which involves more than 5 million square feet of property at DMC’s campus, includes the World Trade Center, Dallas Trade Mart, International Trade Plaza and Market Hall. The acquisition is expected to close within 90 days. Terms of the deal were not disclosed. Market Center Management Company Ltd., an operating company owned by Crow Holdings, will continue to manage the DMC business, including the tenant relationships and trade shows. Crow Holdings is the diversified group of investment companies that owns and directs the investments of the Trammell Crow family and its investment partners. Crow developed the DMC beginning in 1957, and the Crow family has maintained an active role in its management since then. CNL Lifestyle Properties, a real estate investment trust that focuses on demographically driven properties, has held a majority interest in property at DMC’s campus since 2005. At the time, the DMC was valued at $249 million. “Our company and its shareholders have been quite fortunate to enjoy a terrific and very constructive relationship with Crow Holdings and MCMC through our
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