Tanya Ragan and Wildcat Management listed the Purse Building, a six-story, 65,000-SF landmark at 601 Elm Street in Downtown Dallas, for sale. Dating back to 1905, the property sits on the National Register of Historic Places and offers investors historic tax credit incentives, skyline views, and rare redevelopment potential in one of the fastest-growing urban markets in the United States.
Key Highlights
- 65,000-SF, six-story landmark at 601 Elm Street in Downtown Dallas, built in 1905
- Listed on the National Register of Historic Places as one of the city’s few surviving pre-World War I warehouse buildings
- Historic tax credit incentives available to the buyer
- In 1963, the FBI commandeered the property as its command center during the JFK assassination investigation
- Wildcat Management acquired the building after it sat vacant for nearly three decades and completed a major core and shell renovation in 2020
- Located near the Dallas Convention Center and the growing downtown business district
- Once-in-a-generation redevelopment opportunity in a market with sustained investor demand
Why This Listing Matters
Properties like the Purse Building do not come to market often. It carries a century of Dallas history, a unique chapter in American history, and the bones of a building that has already been preserved and stabilized. Wildcat Management completed a full core and shell renovation in 2020, preserving original architectural features while preparing the building for adaptive reuse. The buyer inherits that work and the incentives that come with its historic designation.
Its location near the Convention Center, Dealey Plaza, and the growing downtown business district positions it at the center of one of Dallas’ most active redevelopment corridors.
“This building has been waiting for its next chapter. We preserved it. Now it is ready for someone to write that chapter.”
— Tanya Ragan
As Seen on Business Insider
Founder and President of Wildcat Management, Tanya Ragan is a Dallas real estate developer, investor, and entrepreneur with twenty years developing some of North Texas’s most recognized neighborhoods. 2024 Texas Icon. Top 100 CRE Influencer. Co-author of Blaze Your Own Trail. She started in fashion, detoured through oil fields, built half of downtown Dallas, and has opinions about all three.