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Harwood Inks $100M Construction Loan
Harwood International has sold four towers from its deep stable of properties in Uptown Dallas. The company sold what amounts to 900,000 square feet of office space to TPG, a private equity firm with an office in Dallas. The Dallas Business Journal reports Harwood has sold off several properties as a result of foreclosure sales.
Harwood offloaded, Harwood No. 2, Harwood No. 6, Harwood No. 7 and Harwood No. 10.
Besides the sales, Harwood International has landed a $100 million loan from TPG’s real estate arm to spur construction of Harwood No. 15, an office tower slated to include global law firm Jones Day as its lead tenant. A groundbreaking, initially scheduled for early 2025 has been moved back.
Construction costs are estimated at $120 million.
The Harwood District started in 1984 with the opening of the Rolex Building, one of the first office projects in Uptown Dallas.
The district includes more than 3 million square feet of office, residential, retail, restaurant and hotel space
- ◦Sale/Acquisition
