The REIT has issued a letter of intent for the 10% interest inEMPORI.COM, an online initiative of Oxford Properties Group Inc.,headquartered in Toronto. Crescent will become the first strategicpartner in the e-tailer's roll-out bid for US markets. The e-taileroffers competitive pricing, performance and convenience to officebuildings.
Crescent plans to integrate EMPORI.COM into select officebuildings in Dallas and Houston before the year's end. The siteshave not been picked, Crescent's public relations director SandraPorter told GlobeSt.com. "It all very preliminary," she said.
Oxford plans to open additional depots in the Greater Torontoarea, Calgary and Edmonton while Crescent brings sites on line inDallas and Houston.
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