Bill Cawley Of Cawley Partners Acquires 106000 SF Office Building In Dallas From First United Bank
2651 North Harwood Street
Building Size
106,000 SF
Asset Type
Office
Closing
Jan 7, 2026
AI
The asset involved in this transaction is an office building located at 2651 North Harwood Street in Dallas. The property spans 106,000 square feet and features seven stories. It is currently 50% leased to tenants including Cadence Bank and Huron Consulting. Cawley Partners has plans for renovations to enhance the lobby, restrooms, hallways, and the top-floor lounge.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Square Footage: 106,000
- Address: 2651 North Harwood Street
- Market: Dallas
- Buyer: Bill Cawley - Cawley Partners
- Seller: First United Bank
Bill Cawley represents Cawley Partners in acquiring the property from First United Bank, which took title after a November foreclosure auction. The transaction reflects Cawley Partners' strategic investment in the Harwood District with plans for property improvements.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Sale 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