TPG Secured $115 Million Loan for Dallas Harwood District
Owners of the five-building office portfolio plan significant facility upgrades to improve tenant amenities.
Updated on Oct. 6, 2026 in Commercial
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In September 2026, TPG secured a $115 million loan backed by its office properties in Dallas’s Harwood District. The financing supports an ongoing effort to renovate buildings acquired in 2025.
Why it matters
The investment aims to modernize local office infrastructure and amenities to elevate the portfolio to Class AA status. This shift reflects a broader push to increase the district’s total office capacity toward a projected 8.1 million square feet.
TPG secured $115 million in financing from Overland Advantage to support its 1.2 million square feet of office space. This includes a dedicated $4 million renovation budget for Saint Ann Court at 2501 North Harwood Street.
The players
TPG
An investment firm that now operates 1.2 million square feet of office space in Dallas.
Harwood International
The developer and long-term steward of the Harwood District that retains a minority stake in the current portfolio.
Overland Advantage
The financial institution that provided the $115 million loan package to support the Harwood property upgrades.
The details
TPG is using the new capital to fund improvements to green spaces, shared infrastructure, and tenant clubhouses. These renovations are designed to upgrade the appeal of the properties acquired from Harwood International in 2025. Work is currently underway at multiple sites, including Harwood No. 3 at 2727 North Harwood Street and Harwood No. 7 at 2950 North Harwood Street.
Timeline
TPG acquired five buildings in the district in 2025.
The $115 million loan was finalized in September 2026.
Renovations are expected to continue beyond 2027.
The Home Front
This investment highlights a shift toward luxury office standards in Dallas, mirroring the ongoing development goals for the Harwood District. The focus on high-end tenant amenities reflects a larger effort to compete in a market where Class AA space defines current property value trends.
Local professionals working within the Harwood District should anticipate ongoing construction as building upgrades progress through 2027. Tenants may see improvements to common areas and amenities at Saint Ann Court and other TPG-owned buildings as these renovations conclude.
The takeaway
Commercial office upgrades are signaling a major push for high-end workspace in the Harwood District. Business tenants should check their lease agreements for anticipated timelines regarding facility closures or construction-related adjustments at their specific property addresses.
Further reading
Learn more about the latest developments shaping the area at Dallas Commercial.
Source note: This article includes information reported by The Real Deal New York.
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