Land & Property News

Corporate Headquarters Opportunity Announced for Historic Purse Building in Downtown Dallas Government District

Wildcat Management has announced a new corporate headquarters opportunity at the historic Purse Building, a six-story brick landmark at 601 Elm Street in Downtown Dallas’ Government District. Marketed at approximately $12.5 million, the property is being promoted to companies that want daily brand visibility at the front door of North Texas growth. The Purse Building sits on Elm Street as traffic exits Downtown toward Interstate 35E, Interstate 30 and other major regional routes. Vehicles and pedestrians move past the property throughout the day, and a signalized intersection at the front entry slows traffic and concentrates views on the building and potential signage zones. Surrounding the property, Dallas is advancing several large-scale investments that are reshaping the urban core. The site sits blocks from the planned Goldman Sachs campus, near the $3.7 billion Kay Bailey Hutchison Convention Center Dallas redevelopment and adjacent to a Dallas College improvement program of approximately $500 million and a planned mixed-use project of approximately $200 million. Over the past several years, that investment has been matched by a wave of corporate relocations into North Texas. Between 2018 and 2024, the Dallas Fort Worth region landed around 100 new corporate headquarters, more than any other U.S. metro in that period, as companies moved operations to a central, business friendly hub. “For a headquarters user, Dallas has become the place you move when you want to plant a flag,” said Tanya Ragan, president of Wildcat Management. “The Purse Building gives that user a historic, highly visible home base in the middle of the relocation story everyone is talking about.” Originally constructed in 1905 and restored under Ragan’s direction, the approximately 65,000 square foot Purse Building combines historic character with modern systems and open floor plates. The six levels can support a range of headquarters concepts, including executive offices, client-facing areas, collaborative workspace and studio or creative space, with the potential for rooftop activation overlooking Downtown Dallas. Ragan notes that the property is well suited to financial services firms, professional services, technology companies, family offices and creative agencies that want a visible, transit accessible headquarters in the urban core. The location provides straightforward access to major highways, nearby transit options and Downtown amenities for employees and visitors. “The companies moving to Dallas are looking for places where they can build teams, host clients and plug into the city’s momentum,” Ragan said. “The Purse Building offers that combination for the right headquarters user.” In a recent article on Dallas, the Purse Building and North Texas growth, Monica Moreno of Wildcat Management shares more of the story behind this headquarters opportunity, available here: https://bit.ly/485eJDc For information about the corporate headquarters opportunity at the Purse Building, contact Monica Moreno.