Exxon Mobil Mulls Sale of Surplus Real Estate Near Corporate Headquarters

Energy Giant Seeks to Rezone About 35 Acres for Commercial Use

Energy giant Exxon Mobil Corp., which reported its first earnings loss last week in three decades, is considering selling off some of its surplus real estate in the Dallas area.

The surplus land includes noncontiguous land parcels that surround Exxon Mobil’s existing corporate campus in Irving, Texas, with lots east and west of Las Colinas Boulevard near Colwell Boulevard, and a lot west of Love Drive.

The company requested a zoning change from the city of Irving for some of the land from zoned for single-family housing to be zoned for a business district, which would allow for commercial development.

In all, the five undeveloped land parcels Exxon Mobil might sell total about 100 acres, said Sarah Nordin, a spokeswoman for Exxon Mobil, in an email sent to CoStar News.


Link to Full Story

By Candace Carlisle
CoStar News


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