Harwood International Renews Lease With Jones Day At Dallas Office Tower
3008 North Harwood Street
Building Size
73,000 SF
Asset Type
Office
Closing
Jun 20, 2024
AI
The office property located at 3008 North Harwood Street in Dallas has been leased by Jones Day, securing over 73,000 square feet across three floors in the Harwood District. The landlord, Gabriel Barbier-Mueller of Harwood International, facilitated the lease renewal, signifying Jones Day's move from Harwood No. 3 to the newer Harwood No. 15 office tower within the vibrant mixed-use hub.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 3008 North Harwood Street
- Market: Dallas
- Tenant: Jones Day
- Landlord: Gabriel Barbier-Mueller - Harwood International
- Landlord's Rep: Hannah Mesh, John Lee & Justin Chapman
- Tenant's Rep: Clay Vaughn & Jihane Boury - Savills
Harwood International's growth in the Dallas office market is exemplified by the lease agreement with Jones Day. The move to the new office tower reflects Harwood's evolution from its initial three buildings to becoming a significant player in the office landscape, bridging Uptown and downtown Dallas with its expansive mixed-use developments.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93