Land & Property News

Purse Building Listed at $12.5M in Downtown Dallas’ Growing Finance Corridor

Wildcat Management listed the Purse Building for approximately $12.5 million, offering buyers an immediate ownership option in downtown’s emerging finance hub. Goldman Sachs’ planned office and renewed Texas Stock Exchange activity are reshaping tenant needs and making nearby, adaptable properties strategic for headquarters, back-office operations, trading functions, and mixed-use redevelopment. The Purse Building sits on Elm Street in Dallas’s Government District, a short walk from the Kay Bailey Hutchison Convention Center redevelopment and within easy reach of Goldman Sachs’ $500 million Dallas office development. It is close to major employers including JPMorgan Chase and provides quick access to major highways and nearby transit, linking the site to Dallas’s financial and convention hubs. The site is steps from Dealey Plaza, an iconic downtown location associated with President John F. Kennedy’s 1963 assassination and a frequent visitor destination. Ongoing reinvestment in hospitality, public spaces and street-level activation across the district is supporting steadier daytime traffic and rising interest in mixed-use projects. On the market and move-in ready, the property totals about 65,000 square feet across multiple floors and offers flexible floor plates suited to owner-occupier headquarters, combined office-and-operations uses, trading or back-office floors, or conversion to mixed-use or boutique hotel. That immediacy and adaptability can shorten time to revenue for buyers and operators looking to capture nearby finance-driven demand. See the full listing: https://www.loopnet.com/Listing/601-Elm-St-Dallas-TX/37525610/ “Now is the moment to secure ownership in Dallas’ growing finance district,” Tanya Ragan, president of Wildcat Management, said. “The Purse Building gives buyers a direct path to establish a regional footprint and investors a flexible, in-market asset.”