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2651 North Harwood Street

Bill Cawley Of Cawley Partners Acquires 106000 SF Office Building In Dallas From First United Bank
SOLDOffice

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

CP
Cawley PartnersBuyer

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