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Commercial Real Estate

A Status Update of XTO Energy’s Seven Fort Worth Offices

As the company moves to Houston, four of the Fort Worth properties have already been sold.

Last June, Forth Worth-based XTO Energy Inc. announced its relocation to the 385-acre Houston campus, a move that would bring along 1,600 employees. Since then, the ExxonMobil subsidiary has already sold four of an initial seven offices with the help of real estate firm JLL. In all deals, JLL Executive Vice President Ryan Matthews represented XTO.

714 Main St. in Fort Worth

This week, JLL added another XTO building to its repertoire with 714 Main St. going to market. Between successful sales and pending negotiations, all XTO properties are nearly accounted for:

  • The Montgomery Ward/Tindall Storage Building at 801 Grove St.: The Fort Worth Transportation Authority purchased the 50,000-square-foot facility in August 2017 to serve as its new headquarters.
  • Bennie G. Kniffen Building at 210 E. 7th: An entity called 210 E. 7th St. LLC purchased the former Binyon-O’Keefe Building in December.
  • Petroleum Building at 201 W. 6th: In late January 2018, Sundance Square purchased the 14-story office property and accompanying 12-story garage.
  • The former Swift & Co. Building at 600 E. Exchange Ave.: The historic building in the Fort Worth Stockyards was sold last year to a local investor and partial occupier. It expects to lease the balance it doesn’t occupy.
  • WT Waggoner Building at 810 Houston St.: The 20-story office property and adjacent surface lot was listed for sale in February, with JLL expecting to finalize a deal this summer.
  • 714 Main St.: As of June 5, the 24-story office property is on the market.
  • Bob R. Simpson Building at 711 W. Houston St.: XTO Energy Inc. will move the central division into the 11-story office building early this fall.