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Urban Center Building Gets $1M Facelift, Key Renewal

LAS COLINAS, TX-McDonald's Corp., an original tenant, renews 19,764 sf for another decade at the class A 511 E. John Carpenter Freeway, now in the final stage of a $1-million makeover. Elsewhere in town, three other office tenants re-up for 13,578 sf.

By Connie Gore | Updated on November 15, 2002

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.

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