The Dallas Capital Markets Group of Transwestern 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.
Downtown Dallas stands as a regional epicenter of employment, boasting more than 114,000 jobs packed into under 2 square miles. This translates to a staggering job density of 98 workers per acre, placing it among the most densely populated job hubs in any urban downtown area. These 114,000 jobs not only constitute 14% of the city’s entire job market but also contribute significantly to the region, comprising 3% of the employment landscape within the expansive Dallas-Fort Worth area. Such concentrated economic activity underscores the profound significance of Downtown Dallas as a vibrant and indispensable center of commerce and opportunity.