BREAKING NEWS

Astrodome Vision Advisor Wayne Ratkovich Passes

Houston Entity Files Chapter 11

The Ralph Bivins Project – Podcast Guest: Patrick Jankowski

RNR Real Estate Briefs – Texas & more

Spanish Electronics Firm Leases Space

People in Real Estate

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

XTO Energy Building in Fort Worth is Sold, as Shale Company Moves to Houston

by Realty News ReportDecember 4, 2018
Share0
Historic 714 Main building in Fort Worth.

FORT WORTH – (Realty News Report) – Tennessee-based Development Services Group acquired the historic 714 Main building in downtown Fort Worth.

XTO Energy, a shale company owned by Exxon Mobil, recently left the 24-story building as part of it relocation of 1,000 XTO employees to the firm’s corporate campus in Springwoods Village, north of Houston.

JLL’s Ryan Matthews represented Exxon Mobil in the sale. The 185,000-SF building was built in 1921. JLL negotiated six XTO office building sales in Fort Worth.

“As one of the largest, historically-registered buildings in downtown Fort Worth, 714’s re-development upside is significant and has the potential to be a truly transformational project for our city,” said Matthews. “Its centralized location and the opportunity for its re-development make 714 Main an outstanding investment for the new owners. We are thrilled to play a role in its transition.”

Built in 1921 and renovated in 2010, 714 Main currently encompasses over 185,000 square feet of office space. Its central location offers close proximity to abundant dining, shopping and entertainment options with the Fort Worth Convention Center and Sundance Square each two blocks away.

To date, JLL has successfully negotiated the sale of six of XTO’s office assets in Fort Worth, including the historic WT Waggoner Building at 810 Houston Street to Dallas Stars’ owner Tom Gaglardi’s Northland Properties group in August. With the sale of 714 Main, XTO has completed the sale of its downtown buildings related to the company’s headquarters move to Houston. XTO’s Central Division employees now occupy the Simpson building.

Dec. 4, 2018 Realty News Report Copyright 2018

Share0
previous post
What’s Next for Houston’s Apartment Market? – Q&A with Martin Fein
next post
Nicholas Residential Buys 2,115 Houston Apartment Units

Related posts

Astrodome Vision Advisor Wayne Ratkovich Passes

Realty News ReportSeptember 27, 2023September 27, 2023

Houston Entity Files Chapter 11

Realty News ReportSeptember 26, 2023September 26, 2023

The Ralph Bivins Project – Podcast Guest: Patrick Jankowski

Realty News ReportSeptember 25, 2023September 25, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

new version
ECD-RealtyNewsReport-Ad-300x250
Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
230725-RNR_Digital-Ad_Red
griffin
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact