**Harwood International Sells Four Office Towers, Secures $100M Loan for New Project**
Harwood International has sold four of its Uptown Dallas office towers—Harwood No. 2, No. 6, No. 7, and No. 10—totaling approximately 900,000 square feet of office space. The buyer is TPG, a global private equity firm with a Dallas presence. The sales come amid a wave of foreclosure activity involving several Harwood properties.
In addition to the property divestments, Harwood International has secured a $100 million construction loan from TPG’s real estate division. The financing will support the development of Harwood No. 15, a new office tower that will house global law firm Jones Day as its lead tenant. Originally slated to break ground in early 2025, the start of construction has since been delayed. The project is expected to cost approximately $120 million.
The Harwood District, launched in 1984 with the development of the Rolex Building, has evolved into a vibrant mixed-use neighborhood. Today, it features over 3 million square feet of office, residential, retail, restaurant, and hotel space.
