X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAS COLINAS, TX-McDonald’s Corp., an original tenant in a 19-year-old, class A property, is staying put in 19,764 sf, a decision coming right along with a $1-million makeover. The renovation at 511 E. John Carpenter Freeway will wrap up before the calendar flips.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.