News Release

April 5, 2004

Crescent Communiqué

Crescent Real Estate is pleased to announce the next step in the redevelopment of The Shops at Houston Center. Jos. A. Bank Clothiers will open in Summer 2004 on the ground level at the corner of McKinney and San Jacinto.

This upscale menswear retailer has seven other Houston area locations which help make up a portfolio of over 200 stores nationwide. Jos. A. Bank stores feature a full selection of men's tailored and casual clothing, footwear and accessories, as well as four seasonal catalogs which are mailed internationally.

In order to prepare for this exciting new addition to our Houston Center family, we will begin remodeling the entrance at the corner of McKinney and San Jacinto. Jos. A. Bank will have both interior and exterior entrances, which necessitate the removal of the entrance feature. This will help compliment the fresh look of the newly remodeled lobby and exterior of The Shops.

We are very excited to continue the revitalization of The Shops at Houston Center and we appreciate your constant support and cooperation during these projects. Should you have any questions on this or any other matter regarding The Shops at Houston Center, please call Bob Hustwit at 713.655.5574.