Gabriel Barbier-Mueller Of Harwood International Secures $100 Million Loan From Jon Winkelried Of TPG Capital
3008 North Harwood Street
$100,000,000
Building Size
—
Asset Type
Development Site
Closing
Oct 15, 2025
AI
The asset involved in the transaction is a development site located at 3008 North Harwood Street in Dallas. This site is designated for a planned 23-story Class AA office tower, Harwood 15, encompassing a total of 340,754 square feet. The total project is valued at $120 million and is expected to be completed by June 2027.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $100,000,000
- Address: 3008 North Harwood Street
- Market: Dallas
- Asset Size: 340,754 square feet
- Lender: Jon Winkelried - TPG Capital
- Landlord: Gabriel Barbier-Mueller - Harwood International
This transaction is significant as Harwood International secured the loan from TPG Capital to finance the ambitious office tower project. The development plans include premium amenities such as a sky garden, rooftop restaurant, and fitness and wellness facilities, with law firm Jones Day set to be a major tenant in the new building.
Players
Dallas Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93