Haynes Boone continues its Dallas leasing streak with a full-floor expansion of its space at the under-construction Harwood No. 14.
The Washington, D.C.-based law firm added 25,000 square feet to its lease with Harwood International, bringing its future footprint in the building to 149,000 square feet. Terms of the deal weren’t disclosed.
This addition brings the 26-story Harwood District building to 76 percent pre-leased, with 330,000 square feet taken, according to a media release.
Construction on the high-rise–which has an address of 2801 N. Harwood–near the Dallas North Tollway entrance–topped out in October and is expected to open this year.
The building will have a two-story lobby with landscaped terraces, a rooftop garden and a mix of co-working and office suites.
It is part of a 19-building complex under development that will include 11 million square feet of office, residential and retail at full build out.
Haynes Boone announced its move to Harwood No. 14 in August 2020 and has since signed other leases in various DFW locations, including Legacy West in Plano and Pinnacle Tower in Dallas.
Another law firm, O’Melveny & Myers, leased 75,000 square feet of the Harwood building in May. And real estate investment company S2 Capital leased the 18th floor in September 2021.
Harwood International had one of the largest office transactions in the Dallas/Fort Worth area in 2023, buying the Luminary, a seven-story office building constructed in 2019. The price was reportedly $68 million, or $665 per square foot. That building is fully leased, according to the release.
The Dallas/Fort Worth office market hit a historic peak on its vacancy rate in the last three months of 2022, according to a Q4 report from Avison Young. Newer office space remains in high demand.
“Despite DFW’s strong office employment growth that was up 172,500 and set a new peak, average vacancy inched higher and is at its highest since the 1980s — sublet vacancy is the highest since the 2000’s tech downturn,” the report states. “Newer Class A is in high demand, beating these averages by 10+ percentage points.”
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— Rachel Stone