DALLAS \u2013 (Realty News Report) \u2013 Granite Properties has sold its historic West End Dallas office building to DealCo, a Houston-based investment firm.<\/p>\n
Cushman & Wakefield represented Granite Properties in the sale of Factory Six03, a 215,111-SF creative office building that was redeveloped by Granite.<\/p>\n
Originally constructed in 1903 as the headquarters of the Brown Cracker and Candy Company, Factory Six03 is listed on the National Register of Historic Places and designated a City of Dallas Landmark. Granite Properties led a comprehensive redevelopment of the property between 2015 and 2017, preserving the building\u2019s original brick, timber and rooftop water tanks while modernizing its systems and adding amenities including a rooftop lounge, outdoor plaza, large conference center and coworking space operated by The Common Desk.<\/p>\n
Cushman & Wakefield\u2019s Todd Savage, Russell Ingrum, Jared Chua, Kelsey Shebay, Matt Murphy, Cole Sutter, and Kiana Nemati represented Plano-based Granite in its transaction with DealCo, a Houston-based investment firm.<\/p>\n
\u201cThe sale of Factory Six03 closes against a backdrop of accelerating momentum in the Dallas\/Fort Worth office market,\u201d said Savage, Cushman & Wakefield Executive Managing Director. \u201cDFW posted its sixth consecutive quarter of positive net absorption at mid-year, and average asking rents climbed to a new all-time high. Dallas also led all U.S. markets in Class A absorption growth over the past year, outside of Midtown Manhattan, and the metro continues to be ranked the nation\u2019s top corporate relocation market and the fastest-growing metro in the country. That combination of tightening supply, record pricing and sustained demand underscores what a compelling investment Factory Six03 is.\u201d<\/p>\n
Located at 603 Munger Ave. the property is 78% leased to a roster of high-credit tenants, anchored by Sam\u2019s Club and Blue Cross Blue Shield.<\/p>\n
40 Restaurants Nearby<\/p>\n
The building is in one of Dallas\u2019 most walkable submarkets with more than 40 dining options within a one-mile radius. Factory Six03 is positioned near significant near-term growth in the surrounding Uptown market, including the $700 million Goldman Sachs NorthEnd campus and the emergence of Y\u2019all Street.<\/p>\n
The buyer, DealCo, is led by Jon Deal. The firm specializes in adaptive re-use of older buildings in the urban core. Deal, co-developer of the Sawyer Yards redevelopment, has won four Good Brick Awards from the Greater Houston Preservation Alliance.<\/p>\n
Granite Properties recently sold off its Eldridge Place,<\/a> a three-building office campus totaling 829,000 SF in Houston\u2019s Energy Corridor. The sales price was $155 million or $187 per SF, according to Real Estate Alert. Cross Ocean Partners and Houston-based Fuller Realty acquired Eldridge Place, which is located on North Eldridge Parkway at Memorial Drive.<\/p>\n Last year, Granite Properties sold\u00a0its 2925 Briarpark<\/a>, a 134,000-SF office building in Houston\u2019s Westchase District.<\/p>\n Scott Martin<\/a>, former Granite Properties Houston market leader, was a guest on The Ralph Bivins Project podcast in 2024.<\/a><\/p>\n Houston real estate legend Lou Cushman,<\/a> grandson of Cushman & Wakefield co-founder J. Clydesdale Cushman, was a guest on The Ralph Bivins Project podcast in 2022.<\/a><\/p>\n Sept. 5, 2026, Realty News Report Copyright 2026<\/p>\n Feature image: Courtesy Cushman & Wakefield<\/p>\n Mark Your Calendar:<\/p>\n CommGate will host its Economic Outlook\u00a0\u2013Wednesday, Sept. 23 from 3 to 6 p.m. at the Houston Country Club. Economist Ted C. Jones, PhD, will present an economic forecast examining trends that will shape the real estate market in the coming year. Following the presentation, connect at a networking social with beverages and hors d\u2019oeuvres. Free for members of CommGate, CCIM, and SIOR. Non-members $50. Link to\u00a0Registration<\/a><\/p>\n THE RALPH BIVINS PROJECT PODCAST<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Joe Rothchild and Jana Hayes with Keller Williams Houston Central<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Sam Scott of CommGate<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Stephen Meek of StreetLights Residential<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Mike Spears of Lee & Associates Houston<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Bob Parsley of Colliers Houston<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT\u00a0with Mark Davis of Davis Commercial<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with David Hightower of Midway<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Alex Kamkar of Bold Fox Development<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Brad McWhirter of Trahan Architects<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Lacee Jacobs of Rebel Retail Advisors<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Danny Rice of Colliers<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Trey Odom of Avera<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Kris Larson of Downtown Houston +<\/a><\/p>\n