Two towers in the Hardwood District have traded hands.
Dallas developer Harwood International sold Harwood No. 14 — the tallest in the Harwood District — for $160.8 million, according to Dallas County records.
New York Life Insurance purchased the property on Dec. 18, and the deal was entered into county records Dec. 23.
Attempts to contact both firms were not returned Thursday afternoon.
It was the newest Harwood tower in the district, completed in June 2023. It was designed by Japan’s Kengo Kuma & Associates and Dallas-based Corgan.
The tower has 360,000 square feet of office space with a restaurant space and a 17,000-square-foot rooftop and sky garden.
D-FW Real Estate News
It’s the latest sale by Harwood. The Dallas developer sold four office towers, faced at least four foreclosure threats, and took a $100 million loan in 2025.
From early September to early October 2025, Harwood sold four of its towers to private equity firm TPG. They purchased Harwood buildings No. 2, 6, 7 and 10. Together, the properties total roughly 900,000 square feet.
Harwood No. 4 was sold to Spear Street Capital in April 2025, after the Dallas developer defaulted on another loan. The San Francisco-based firm has plans for multimillion-dollar upgrades at the property.
Harwood No. 1 returned to the lender, First United Bank, after a foreclosure auction in November.
And speaking of Harwood No. 1…
Another Harwood District tower sells
Dallas-based Cawley Partners purchased Harwood No. 1, formerly known as the old Rolex building, after it went through foreclosure last year.
The seller was First United Trust. The sales price was not disclosed. Cawley Partners obtained a $29.5 million loan to fund the purchase, according to deed records.
The nearly 106,000-square-foot office structure opened in 1984 and marked the beginning of the Harwood District.
Harwood International was unable to save this property. Lender First United Bank took ownership of the property in an auction. County records provided to The Dallas Morning News show the bank’s winning bid was $27.2 million.
The Dallas Central Appraisal District values the property at $25 million for tax purposes. Such estimates often trail actual market value.
Cawley Partners said in a news release that it plans to update the lobby, corridors, restrooms and top-floor lounge. The firm also plans to build out 50,000 square feet of spec suites to cater to various tenant needs.
The Harwood 1 office building is currently 50% leased.
Dallas firm buys Denton County shopping center
Dallas-based Brand Partners has acquired Tartan Square, a neighborhood shopping center at 2940 Justin Road in Highland Village.
The Denton County shopping center has just over 17,000 square feet of gross leasable area.
“Tartan Square is a strong neighborhood center, and our goal is to update the property so it feels current, welcoming, and reflective of the community,” said Jeff Brand, managing partner at Brand Partners.
Renovation plans are being designed by Alexander Quintanilla, principal at Dallas-based Q Architecture +Design.
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