The Dallas-based luxury retailer’s lease is for a total of 25 years. The store's sales have increased by more than 30% since before the pandemic.
has made a long-term commitment, the kind you don’t see in retail real estate negotiations as much anymore.
Brock is also getting store renovations in its new 15-year lease — which has two consecutive five-year options for a total of 25 years — to continue to anchor The Crescent, an original Uptown Dallas development that remains one of the most prestigious. The Crescent includes three connected office towers, the luxury Hotel Crescent Court and Spa and a dozen restaurants.
Brock has been running Stanley Korshak since it opened in 1987. He bought it in 2002 from oil heiress Caroline Rose Hunt, who had purchased the Stanley Korshak brand to open the store at The Crescent. Fort Worth-based Crescent Real Estate was founded by Goff and has $10 billion in assets under management. The company purchased the Crescent complex in 2021 for $700 million from JP Morgan Asset Management. It was theBrock signed a two-year lease in 2020
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