Factory Six03, the brick-and-timber landmark that looms over Dallas' West End, is officially up for grabs. The seven-story, 215,111-square-foot former Brown Cracker & Candy Co. building at 603 Munger Ave. is being offered for sale by owner Granite Properties and is being marketed by Cushman & Wakefield. For anyone who tracks downtown real estate, it is a rare shot at a fully modernized historic property sitting right in the middle of the urban core.
Granite has confirmed the listing but, as reported by The Dallas Morning News, senior managing director Paul Bennett did not say why the firm is choosing to sell. The paper notes that the building, at 603 Munger Ave., is listed on the National Register of Historic Places and also holds a City of Dallas landmark designation. The Dallas Morning News also tracks the property’s evolution from an industrial bakery and warehouse to its later run as the West End Marketplace.
What’s on the market
According to Cushman & Wakefield’s offering brochure, Factory Six03 totals about 215,111 rentable square feet and is roughly 78% leased to a mix of institutional and creative tenants. The sales materials spotlight amenities that include a rooftop lounge called “The Stack,” an outdoor plaza, a large conference center and coworking space operated by The Common Desk, and they note that more than $44 million has gone into capital improvements during the repositioning. The brochure pitches the building as a value-add opportunity in a walkable, amenity-rich pocket of downtown.
How Granite revived the West End
Granite Properties bought the then long-vacant West End Marketplace in 2015 and reopened the complex as Factory Six03 after a 2017 redevelopment, the company said in a press release. The overhaul preserved the original brick, timber and the building’s signature rooftop water tanks while upgrading mechanical systems and shared areas. Granite Properties said the project added tenant lounges, new elevators and an outdoor plaza tailored to modern office users.
Tenants and turnover
Listing materials show that tenants at Factory Six03 have included Sam’s Club, Blue Cross Blue Shield and coworking operator The Common Desk, leaving the property at roughly three-quarters occupancy. Telecommunications company 46 Labs recently announced that it moved its headquarters into a 25,000-square-foot floor at Factory Six03, taking over the space that had housed the Sam’s Club Innovation Center; the company noted that Sam’s Club’s parent had disclosed plans last year to consolidate downtown offices. 46 Labs said the new office is intended to support growth as the firm scales its workforce.
Why buyers will pay attention
Industry coverage shows that the West End has drawn significant institutional investment as developers reposition historic buildings into modern creative offices, shifting leasing dynamics relative to Uptown. Public listing pages put the parcel’s total assessment at roughly $36.5 million, and marketing materials outline in-place contractual revenue and recent capital work that a buyer would inherit. Sources, including Bisnow and the property listing on LoopNet, point to institutional interest in well-positioned, amenity-rich assets in the submarket.
Granite has not released an asking price and declined further comment beyond confirming the listing, as The Dallas Morning News reported. The offering is expected to draw attention from institutional and regional buyers who want a turnkey, historically significant downtown play.
