FORT WORTH-The corporate team for the new Crescent, now a wholly owned subsidiary of Morgan Stanley Real Estate Funds, has been put into place. Market speculation at the closing of the $6.5-billion merger was partially correct: John Goff, second in command to Crescent founder Richard Rainwater, is staying on board as CEO.

But, the locally based REIT’s president and COO Dennis H. Alberts is moving on as are John L. Zogg Jr., managing director of asset management and leasing, and Jane E. Mody, managing director and CFO. Market sources say Morgan Stanley had interviews with all personnel just prior to the merger’s final signing and the final decision had the most significant impact on the former publicly traded REIT’s board. A Morgan Stanley spokeswoman has confirmed Goff’s retention, but declined further comment about other personnel changes for the new organizational chart.

Market sources say Michael S. Lewis, the REIT’s former vice president of leasing and marketing, will lead marketing nationwide for the 23-million-sf portfolio of 54 office buildings. Others lined up to stay are Paul R. Smith, former managing director of investments who will oversee asset management; Suzanne M. Stevens, former senior vice president and chief accounting officer who will move into a CFO-kind of role; Thomas G. Miller, a Los Angeles-based managing director of investments who will now oversee development; and Joe D. Dobbs and James H. Wilson, both former senior vice presidents of property management who will jointly run the division.

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