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3008 North Harwood Street

Harwood International Renews Lease With Jones Day At Dallas Office Tower
LEASEDOffice

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:

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

Jihane Boury

Savills

Broker

6 deals

Broker

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