XTO Energy Inc., a subsidiary of Irving, TX-based Exxon Mobil, which is moving its headquarters to Houston this summer, is selling off its second-to-last building in downtown Fort Worth, TX.
XTO Energy plans to sell its 24-story, 185,757-square-foot office building at 714 Main St. after deciding to consolidate its remaining North Texas operations at the adjacent XTO-owned office building at 711 Houston St.
The tower at 714 Main last traded to XTO Energy in 2007, with the energy company renovating the 1920s-era building three years after the acquisition. Terms were undisclosed, however, the Tarrant Appraisal District last valued the tower at $20.7 million.
The property is expected to get a lot of interest from would-be investors as the marketing brochures hit desks this week, said Ryan Matthews, an executive vice president in Jones Lang LaSalle’s Fort Worth office.