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An LBJ Freeway office tower is getting a makeover to attract new tenants.
Owner Bridgeview Real Estate and Stream Realty Partners are teaming up on the project to renovate the 10-story LBJ Tower at 8390 LBJ Freeway near Central Expressway.
Built in the 1980s, the 204,500-square-foot high-rise is one of three silver glass office buildings near the southeast corner of the High Five intersection.
The building owners have launched "a multi-million-dollar renovation plan " for the property, which includes a redesigned lobby area, meeting space, fitness center and indoor-outdoor lounge space for tenants and visitors.
"LBJ Tower provides an excellent opportunity to execute on our core strategy of renovating Class B properties with a goal of offering the same design themes and amenities as Class A properties all at a significant rental rate discount," Steve May, Bridgeview Real Estate president and founder, said in a statement. "As mobility becomes a more important attribute in the D-FW area, we think LBJ Tower is uniquely positioned to provide superior access to the region’s major thoroughfares at an affordable price."
Stream Realty Partners is consulting on the renovation plan for the tower and handling the lease.
Neurology Consultants of Dallas has leased more than 39,000 square feet of space in the building. The medical group provides inpatient neurology services at Texas Health Presbyterian Hospital of Dallas and Medical City Dallas Hospital.
Stream Realty’s Chase Lopez negotiated the lease with Brian Whittington of Avison Young.
"We are thrilled to welcome Neurology Consultants of Dallas to LBJ Tower, and are looking forward to their participation in the impactful transformation of the High Five office submarket in Dallas," Lopez said. "Geographic centralization to employees and a hospitality level of onsite building services have become the most influential factors driving tenant decision making for office space."
About 78,000 square feet of empty space remains in the building.