The Microsoft campus, one of four nationwide, had completed itsrelocation to Champion Partners' Sierra development in October,opening the door to Lakepoint's first top-to-bottom overhaul sinceit had opened in 1982. Blair Oden, Transwestern's senior vicepresident of office services, says the building owner, iStarFinancial Inc. of New York City, is making a large capitalinvestment "to reintroduce the building to the market."

To date, upgrades have been completed for security, energymanagement, fire, landscaping and HVAC, putting it into move-incondition. Construction on a new roof will begin in January, Odentold GlobeSt.com. "They've really made a commitment," he says. "Youdon't see too many owners doing up front work before tenants aresigned."

Oden says marketing efforts will focus on finding a single largeuser although Lakepoint, situated at 1321 Greenway Dr., could bedivvied up for smaller tenants. "It lays out for one tenant," hesays of the property, which comes equipped with high-tech amenitiesnot often found in older properties due to its 10-year occupancy byMicrosoft. "I've never seen an 88,000-sf building have a separategenerator for tenant use," says the 10-year veteran who oversees aportfolio of more than six million sf of office projects spanningall major Dallas submarkets.