McDonald's has re-upped for 10 years to hold the building's occupancy at 75%, Todd Noonan, senior associate for Stream Realty Partners LP, tells GlobeSt.com. Stream, which offices in the 155,025-sf building in the Las Colinas Urban Center, holds the leasing assignment for owner, Northwestern Mutual Life Insurance Co. of Milwaukee. Tom Freeman of Jones Lang LaSalle's Dallas office brokered the terms for McDonald's while Noonan finessed the deal for the property owner.
Stream also is the construction manager for the renovation project, with Mapp Construction of Dallas as the general contractor. The work involves upgrades to the lobby and common areas on each floor of the seven-story building.
In Dallas, the law firm of Lawson & Herring also renewed. It signed a three-year lease for 3,765 sf, taking an extra 800 sf at the Meadows Building at 5646 Milton St. Steven Schneider and Jeff Price, a Grubb & Ellis Co. team in Dallas, represented the law firm. Building owner Kolter Property, a Canadian-based firm, had in-house broker Debbie Boles negotiate the terms.
Also in Dallas, STB Architects-Planners Inc. re-upped for three years on 4,545 sf at Walnut Glen Tower, a 90%-occupied office building at 8144 Walnut Hill Lane, where it's been a tenant for eight years. Daniel Rudd of Mohr Partners in Dallas represented the tenant while owner Prentiss Properties used its representative, Duane Henley, to close the deal.
A 5,268-sf renewal was struck with State Farm Insurance Co.'s corporate offices at the Chase Bank Building at 3200 Broadway in Garland. Beaux Riley of SCM Real Estate Services in Arlington handled the deal.
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