Harwood Center - Class A Dallas CBD Office Tower

Investment Highlights

• Opportunity to acquire a Class A landmark office tower at fraction of replacement cost: With the Property currently 47% leased, investors can create tremendous value through an aggressive lease-up strategy. Acquiring the asset at a low basis will allow ownership to reset rents, refocus its marketing efforts and lease-up the building more quickly than its competition.
• Multiple redevelopment opportunities: With Harwood Center’s current CA-1(A) zoning and shallow floorplate layout, an investor has the potential to convert the existing structure to residential and/or hospitality or renvision the building for a large Corporate HQ User.
• History of institutional ownership and maintenance: Harwood Center currently serving as the world headquarters for Jacobs, one of the world’s largest and most highly respected engineering, program management and design firms. Other major tenants include Omnicom Management, and the General Services Administration.
• Adjacency to the World Class Dallas Arts District: Located immediately north of the Thanks-Giving commercial district in the northeast quadrant of downtown Dallas, the Dallas Arts District is the largest urban arts district in the nation, spanning 118 acres.
• Strategic transit-oriented location/station: St. Paul Station, located just south of Harwood Center on Bryan Street, serves as DART’s primary access point to the Dallas Arts District. It’s part of DART’s extensive multimodal transit network, which spans 13 cities across a 700-square-mile area in the Dallas-Fort Worth Metroplex.
• Epicenter location surrounded by CBD’s most prosperous quadrants: DFW consistently ranks as a national leader in Corporate HQ relocations and major Regional HQ expansions.

The Offering

The Dallas Capital Markets Group of Transwestern, in conjunction with RI Marketplace, has been retained as Exclusive Representative for the disposition of Owner’s fee and leasehold interest in Harwood Center, a 36 story, granite-clad, Class A, office tower, containing 734,443 rentable square feet and an above standard parking ratio of 1.77/1000 SF. Strategically situated at the Dallas Area Rapid Transit (DART) St. Paul Station, the feeder station to the highly acclaimed Dallas Arts District, Harwood Center is currently 47% leased and presents investors the optionality of existing value add, converting the property to a mix of residential, hotel and office uses or re-envisioning the property as a corporate office headquarters.

Property Tours

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