Another office building in Dallas’ Harwood District has secured a major refinancing, reflecting ongoing shifts in the city’s office market. Harwood International, led by Gabriel Barbier-Mueller, refinanced Harwood No. 14 with a $160.8 million loan provided by New York Life Insurance on December 18, according to Dallas County records. The transaction was recorded on December 23.
Harwood No. 14 is the newest and tallest tower in the district, located at 2801 North Harwood Street. Completed in June 2023, the 26-story building spans approximately 360,000 square feet and was designed by Kengo Kuma & Associates of Japan, with Corgan of Dallas serving as architect of record. The property includes office space, restaurant areas, and a rooftop sky garden measuring about 17,000 square feet.
The refinancing comes during a period of significant change for Harwood International. Over the past year, the company sold four office towers—Harwood buildings No. 2, 6, 7 and 10—to private equity firm TPG between September and October 2025. These properties total around 900,000 square feet.
In November, law firm Jones Day withdrew from plans to anchor the future Harwood No. 15 project at 3008 North Harwood Street.
Earlier in 2025, Harwood International also sold Harwood No. 4 to Spear Street Capital after defaulting on a loan; Spear Street Capital intends to invest several million dollars in upgrades to that property.
Additionally, the original seven-story office building in the district—Harwood No.1 at 2651 North Harwood Street—was transferred to lender First United Bank following a foreclosure auction last November. This event was part of multiple foreclosure threats faced by the developer as it took on additional debt late last year.
Cawley Partners has since acquired Harwood No.1 from First United Trust with a $29.5 million acquisition loan; details of the sale price were not disclosed but First United Bank’s winning bid was $27.2 million and county appraisal values it at $25 million.
Cawley Partners plans to spend $10 million modernizing the building—which dates back to 1984—including updates to common areas and adding roughly 50,000 square feet of speculative suites; currently about half of its space is leased.
