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TPG Picks Up 5 Harwood Properties to Recapitalize, Renovate
TPG acquired a portfolio of office assets throughout the Harwood District, a 30-acre mixed-use development in Dallas, Texas. TPG will recapitalize the five-building portfolio in partnership with the District’s developer Harwood International, who has retained a minority interest as a co-investor in the portfolio.
The portfolio includes 1.2 million square feet of Class A office space across 2727 Harwood, 2728 Harwood, 2850 Harwood, Frost Tower, and Saint Ann Court. TPG Real Estate will invest significant capital for renovations. This features significant lobby upgrades, new tenant amenity offerings, and substantial enhancements to the garden and green spaces.
TPG Real Estate has partnered with OliveMill Holdings to help oversee operations of the office assets across the portfolio. The partnership has engaged CBRE to oversee property management and leasing for the portfolio. Harwood will continue to independently operate the retail destinations and restaurants located throughout the District.
Harwood was represented by Newmark Bill Fishel, Chris Murphy, Chad Lavender, and Alex Foshay.
- ◦Sale/Acquisition
- ◦Financing
