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.Â
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
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