The Fort Worth-based Crescent is turning over majority interestto its top office buildings in Dallas and Houston in two phases. Ifthe plan stays on track, the second closing is due to be stampedthis week. The landmark agreement for the prized collection keepsCrescent in the driver's seat to lease and manage the package.

The first closing rolled controlling interest in the3.3-million-sf Houston Center at 1221 McKinney St. and the1.3-million-sf Post Oak Central at 2000 Post Oak Blvd., also inHouston, along with the 1.3-million-sf Crescent at 200 CrescentCourt in Dallas.

The New York City buyer's second takedown, totaling $320.5million, will turn over reins to 1.1-million-sf Trammell CrowCenter at 2001 Ross Ave. and 1.2-million-sf Fountain Place at 1445Ross Ave., both in the Dallas CBD. Meanwhile, Crescent is locked intalks with a third stakeholder for a 16% share of its remaining 40%hold on the Dallas CBD pair.