Fresh off opening its swanky new Hotel Swexan, the team at Harwood International is adding to its 19-block luxury neighborhood with Harwood No. 15. The new 23-story tower will total more than 340,000 square feet and sit near the Katy Trail and Harwood’s La Rue Perdue, a collection of restaurants and shops off a cobblestone pathway.
Harwood is upping the amenity game with hospitality-like perks, including saunas, steam rooms, and cold plunge, along with a fitness center, 20,000-square-foot rooftop park, and tech-focused conference center. A new restaurant will be added to the mix, expanding Harwood Hospitality Group’s growing portfolio, which now has 16 venues.
Kengo Kuma & Associates of Japan and Dallas-based Corgan will serve as architects on the project, along with Harwood’s in-house design and construction management teams. It’s the same ensemble that worked on Harwood No. 14, a 27-tower that opened substantially leased this past summer. Tenants include S2 Capital, Haynes & Boone, and O’Melveny & Myers.
“We are keeping the band together to bring the same success to our next project, Harwood No. 15,” said Oliver Barbier-Mueller, president of Harwood International.
Overall, the Harwood District is 93 percent leased and commands some of the highest rental rates in the market. The company inked more than 300,000 square feet in deals last year.
Skybox and Bandera Launch DFW Data Center
A new 1 million-square-foot data center campus is coming to North Texas. PowerCampus Dallas will be built just south of the city’s downtown, one of the fastest-growing data center submarkets in the country. The project is a collaboration between mission-critical data center company Skybox Datacenters, developer Bandera Ventures, and Principal Asset Management.
PowerCampus is the latest offering from Skybox that targets large-scale data center assets tailored to hyperscale clients across major and emerging U.S. markets. The Dallas campus will have a private, onsite substation and offer up to 300 megawatts of power. It will further strengthen DFW’s reputation as a strong data center hub, due to the region’s proximity to cloud providers and exchanges and robust network availability to major metros.
“PowerCampus Dallas will raise the bar in the North Texas data center market and beyond,” says Rob Morris, CEO of Skybox Datacenters. “This partnership brings together expertise in multiple disciplines that are critical for delivering significant capacity in this dynamic data center market.”
STRIVE Hires New Multifamily Lead
Stephen Crittenden has joined Dallas commercial real estate investment sales team STRIVE to lead its multifamily group. During his 13-year career, he has sold several thousand multifamily units in the region.
A University of North Texas grad, Crittenden began his career at Marcus & Millichap before going off on his own in 2020 to run Crittenden Co.
“Stephen brings a depth of knowledge that will accelerate the success of our multifamily team,” says Jennifer Pierson, who runs the firm along with co-managing partner Jason Vitorino. “We have a history of going against the grain, and while others are laying professionals off, we feel it is strategically prudent to grow our team so that we are poised to take advantage of the inevitable rebound of the market.”
Dallas-based STRIVE, which also has an office in Houston, specializes in investment property sales in the office, retail, industrial, and multifamily verticals.
Morrow Hill Expands DFW Office
Tenant rep firm Morrow Hill continues to grow. The company has inked a larger 17,500-square-foot lease at 1 4800 Quorum Drive to accommodate its expanding office.
The firm provides a range of tenant-focused services, from lease administration to franchise management. The move will allow the firm to better serve its expanding global client base, says Morrow Hill President Christopher Morrow.
The deal was put together by Adam Toth, leasing manager at Boxer Property. The Class A building sits off the Dallas North Tollway near Interstate 635 in North Dallas Quorum Business Park.
SHOP Cos. Brokers Two Retail Sales
The investment sales team at SHOP Cos. has closed on two retail property sales along the Interstate 30 corridor submarkets of Rockwall and Royce City.
The first is a 12,600-square-foot former Luby’s at Goliad Drive, redeveloped into a drive-thru retail center near a Costco that’s now home to Torchy’s Tacos, Starbucks, Pei Wei, and Texas Health Resources. The sale was brokered by SHOP Cos.’ Tommy Tucker, Cody Strull, and Harry Hardin, who represented the seller.
The second is an 11,600-square-foot center fronting Interstate 30 in Royse City, about 35 minutes northeast of downtown Dallas. It’s shadow-anchored by a Walmart store and leased to tenants, including Sherwin-Williams, Smoothie King, TL Nail Bar, and Chiloso Mexican Bistro. SHOP Cos.’ Tim Axilrod and Tayler Rose put the deal together on behalf of the seller.
Commercial Real Estate Transactions Across DFW
- EōS Fitness has leased 37,300 square feet in Addison Town Center at Belt Line Road and Marsh Lane. The landlord was represented by Ben Terry, Matt Luedke, and Bernard Shaw with Weitzman. Jack Breard with Segovia Partners represented EōS Fitness.
- Intrusion has leased 10,700 square feet in Plano Tower, a recently upgraded office building at 101 E. Park Blvd. The cybersecurity company combines advanced threat intelligence, malicious traffic identification, and automated threat response to help businesses of all sizes. The transaction was negotiated by Adam Toth of Boxer Property.
- First Watch is opening a new eatery in Waterside, a 63-acre, mixed-use development along Fort Worth’s Trinity River Trail. The chain, which has more than 20 restaurants in North Texas, will open at Waterside in 2024. The lease was brokered by Daniel Goldware, senior vice president of leasing for Trademark Property Co.