Houston investor buys historic building in downtown Dallas’ West End

A Houston investor has purchased an almost century-old downtown Dallas building.

The five-story Oilwell Supply Building on Lamar Street in the West End historic district was built in 1923 and contains more than 70,000 square feet.

The building for years has housed a variety of businesses, including creative and high-tech firms.

Now Houston-based New Waverly Holdings has acquired the landmark property. The acquisition was financed with a $3.5 million loan from BancorpSouth Bank, county records show.

The Oilwell Supply Building is just across the street from the historic West End Marketplace building, which developer Granite Properties has turned into an office complex called Factory Six03. The 7-story, 237,000-square-foot building was constructed in 1903 as a bakery and warehouse complex.

Health insurer Blue Cross Blue Shield of Texas and Sam’s Club have leased offices in the Factory Six03 building to house innovation centers. And developers are converting other old commercial buildings in the West End area into boutique office and coworking spaces.