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XTO Energy is selling another building in downtown Fort Worth

March 15,2021

See full Dallas Business Journal article by Ryan Salchert here.

XTO Energy Inc., a subsidiary of Exxon Mobil Corp. (NYSE: XOM), has put another one of its Fort Worth properties on the market.

The company is looking to sell an 11-story, 101,390-square-foot office building at 110 West 7th Street in downtown Fort Worth. The property was built in 1910 and last renovated in 2005. JLL’s Ryan Matthews is leading marketing and sales efforts for the property.

“As more employees are deciding to return to the office, this building is a great space to own and occupy and will contribute to the increase in leasing activity this year,” said Matthews in a prepared statement. “The building is also a good candidate for other development opportunities within the residential and hospitality space.”

Previously, JLL helped XTO Energy sell six of its other properties in downtown Fort Worth, totaling 580,000 square feet. These other properties include 714 Main, the Petroleum Building, the WT Waggoner Building, the Binyon-O’Keefe Building, the former Swift & Co. Building in the Fort Worth Stockyards, and the former Montgomery Ward/Tindall Storage building at 801 Grove Street.

XTO Energy was previously headquartered in Fort Worth before relocating to Houston in 2018.

This year could be an active one for office building transactions in Fort Worth. Within the last six months, Burnett Plaza, The Oil & Gas and Star-Telegram buildings, and City Place have all been reported to be for sale. Last month, the City of Fort Worth closed on its purchase of Pier 1 Imports' former headquarters. The 20-story, 409,977-square-foot building at 100 Energy Way was also sold with assistance from JLL.

Locations Mentioned: Burnett Plaza, Oil & Gas / Star-Telegram Building