DALLAS-TIAA-CREF, poised to spend roughly $3.5 million on exterior upgrades, has locked down 184,522 sf in renewals, expansions and new deals for the 1.6-million-sf Lincoln Centre. The freeway-fronting landmark’s overall occupancy has spiked to 94% in a three-week run of back-to-back lease closings.

As a result of the leasing flurry, the largest block of class A office space in the three-building complex is 44,000 sf, according to Jay Bailey, vice president of leasing in Dallas for Atlanta-based Cousins Properties Inc. “A year ago we could put together 130,000 sf of contiguous space so we’ve really chopped away at that,” he says. In the past year, occupancy has gone up eight percentage points.

With the space firmly locked down for the long haul, the New York City-based owner is ready to roll on the first major exterior change for the complex, situated at 5400, 5420 and 5430 LBJ Freeway, in nearly 15 years. TIAA, which bought the asset in December 2005, already has spent $1.5 million on interiors, focusing on the amenity package.

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