Cushman & Wakefield represented Granite Properties in the sale of Factory Six03, a 215,111-square-foot Class-A creative office building at 603 Munger Ave. in the heart of Dallas’ West End.
Cushman & Wakefield’s Todd Savage, Russell Ingrum, Jared Chua, Kelsey Shebay, Matt Murphy, Cole Sutter, and Kiana Nemati represented Granite in its transaction with DealCo, a Houston-based investment firm.
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’s 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.
The property is 78% leased to a roster of high-credit tenants, anchored by Sam’s Club and Blue Cross Blue Shield, and sits within one of Dallas’ 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’all Street.
