Granite Sells Historic Dallas Office Building
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. Dallas-Fort Worth continues to absorb the largest multifamily delivery pipeline in the country. Industrial along the I-35 corridor is clearing at competitive basis, and selective office is finding bids at deep discounts to replacement. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 13th Dallas story tracked on the wire in September 2026. All Dallas coverage →
- Disclosed office deal value tracked in September 2026: $1.2B across 11 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
Granite Properties has sold Factory Six03, a 215,111-square-foot Class A creative office building located at 603 Munger Ave. in the heart of Dallas’ West End. DealCo was the buyer. Originally constructed in 1903 as th…
External link. Real Estate Trail does not republish source content.
Related coverage — Dallas · Office
Hall Group Buys Dallas Office Tower, Renames It Hall Uptown
Hall Group Acquires Uptown Dallas Office Building
Hall Group has acquired a 112,000-square-foot office building in Dallas; Elliott Investment and Morning Calm Management were the sellers. Hall was represented by Eastdil Secured Savills. Commercial Search reports the…
Developer Team Begins Work on Mansfield Midrise
Admiral Legacy Investments and Foundry Commercial started work on a five-story, 152,894-square-foot office building at Heritage and Regency Parkways in the city between Fort Worth and Dallas. The Dallas Business Journ…
HLCI to Develop 238,000 SF Industrial Project in North Fort Worth
FORT WORTH, TEXAS — Holt Lunsford Commercial Investments (HLCI) will develop Meacham 820 Crossing, a 238,000-square-foot industrial project in North Fort Worth. The development will consist of two buildings totaling a…
NexPoint Diversified Real Estate Trust Announces Investor Update Call
DALLAS, Sept. 2, 2026 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE: NXDT) announced today that the Company is scheduled to host a conference call on Thursday, September 24, 2026, at 11:00 a.m.…
Lincoln Property Co. Sells Two Industrial Buildings at Park303 in Glendale, Arizona for $170.2M
GLENDALE, ARIZ. — Dallas-based Lincoln Property Co. has sold two industrial buildings within Park303 in Glendale. Nuveen Real Estate acquired the assets for $170.2 million. The transaction represents the last of the f…