Dallas, January 30, 2026
TPG Inc. is set to enhance its presence in Dallas’ Harwood District by acquiring five office buildings totaling 1.2 million square feet. The planned renovations will modernize these properties, improving tenant and visitor experiences. This investment is expected to positively impact the local economy and support growth in one of Dallas’ most vibrant areas.
Dallas, Texas
TPG Inc. Expands Office Space in Dallas’ Harwood District
Investment Will Transform Five Key Properties in Vibrant Area
TPG Inc. has made a significant move to expand its footprint in Dallas’ Harwood District by acquiring a portfolio of five office buildings totaling 1.2 million square feet. With a focus on modernization and enhancements, this acquisition is poised to elevate the tenant and visitor experience in one of Dallas’ most dynamic neighborhoods. The properties involved in this acquisition include 2727 Harwood, 2728 Harwood, 2850 Harwood, Frost Tower, and Saint Ann Court.
The Harwood District stands as a beacon of entrepreneurial spirit, attracting businesses and residents alike with its thriving mixed-use environment. As TPG embarks on its renovation journey, we see an excellent example of how private investment can drive local economic growth, demonstrating resilience and innovation in property development.
About the Harwood District
Spanning over 30 acres, the Harwood District is recognized as one of the premier mixed-use destinations in the nation. The area attracts more than 2 million tenants and visitors annually, with an eclectic mix of dining, cultural venues, hospitality options, and residential spaces. This vibrant setting is supported by key transportation nodes, making it a prime location for businesses to flourish and meet the growing demand for premium office spaces.
TPG’s Strategic Modernization Plans
As part of its investment strategy, TPG aims to enhance the existing properties by modernizing them in ways that elevate tenant and visitor experiences. Renovations are set to begin immediately at 2727 Harwood, Frost Tower, and Saint Ann Court. Planned upgrades include substantial improvements to lobby areas, new tenant amenities, and inviting garden and green spaces, creating an environment that fosters productivity and engagement.
Harwood International’s Role
Despite facing financial challenges leading to the sale of several properties within the district, Harwood International continues as a crucial player in the Harwood District by retaining a minority interest in the portfolio as a co-investor with TPG. This strategic partnership aims not only to stabilize the marketplace but also to foster further developments in line with the district’s evolving identity.
Recent Challenges and Future Developments
Following a series of sales, which included four office buildings totaling nearly 900,000 square feet acquired by TPG in October 2025, Harwood International remains committed to growth. The company is currently developing Harwood No. 15, a 23-story, 340,000-square-foot office tower at 3008 North Harwood Street. This ambitious project, with an estimated cost of $120 million, is expected to include a sky garden, rooftop restaurant, and gym, anticipated to be completed by June 2027.
Conclusion
The acquisition and revitalization of these significant properties by TPG Inc. highlight the potential for Dallas’ economy to expand and evolve. By investing in existing structures and supporting new developments, TPG’s initiatives are set to contribute substantially to the Harwood District’s growth, fostering a resilient local economy. Residents and businesses alike can look forward to a more vibrant, modern community. Supporting local initiatives and small businesses remains essential as Dallas progresses through these exciting developments.
Frequently Asked Questions (FAQ)
What properties did TPG acquire in Dallas’ Harwood District?
TPG acquired five office buildings totaling 1.2 million square feet: 2727 Harwood, 2728 Harwood, 2850 Harwood, Frost Tower, and Saint Ann Court.
What are TPG’s plans for these properties?
TPG plans to invest significantly in modernizing each building, focusing on enhancing tenant and visitor experiences. Renovations will include lobby upgrades, new tenant amenities, and improved garden and green spaces, starting with 2727 Harwood, Frost Tower, and Saint Ann Court.
Did Harwood International retain any interest in these properties?
Yes, Harwood International retained a minority interest in the portfolio as a co-investor.
Has Harwood International sold other properties in the Harwood District?
Yes, in October 2025, Harwood International sold four office buildings totaling nearly 900,000 square feet to TPG. Additionally, Harwood No. 4 was acquired by Spear Street Capital in April 2025 through a foreclosure auction.
What is the status of Harwood International’s new developments?
Harwood International is developing Harwood No. 15, a 23-story, 340,000-square-foot office tower at 3008 North Harwood Street, with an estimated construction cost of $120 million. The project is expected to be completed by June 2027 and will feature a sky garden, rooftop restaurant, and gym.
Key Features of TPG’s Acquisition in Harwood District
| Property | Location | Square Footage | Year Built | Renovation Plans |
|---|---|---|---|---|
| 2727 Harwood | 2727 North Harwood Street | 210,000 sq ft | 1999 | Lobby upgrades, new tenant amenities, garden enhancements |
| 2728 Harwood | 2728 North Harwood Street | 178,000 sq ft | 1996 | Lobby upgrades, new tenant amenities, garden enhancements |
| 2850 Harwood | 2850 North Harwood Street | 227,000 sq ft | 2019 | Lobby upgrades, new tenant amenities, garden enhancements |
| Frost Tower | 2950 North Harwood Street | 167,000 sq ft | 2015 | Lobby upgrades, new tenant amenities, garden enhancements |
| Saint Ann Court | 2501 North Harwood Street | 320,000 sq ft | 2009 | Lobby upgrades, new tenant amenities, garden enhancements |
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