Oil giant Exxon Mobil, which recently announced it is moving its headquarters from Irving to the Houston area, is wasting no time bringing its Las Colinas office campus to market.
The international energy company has hired commercial real estate firm Jones Lang LaSalle to find a buyer for its 290-acre property on State Highway 114.
Built in 1996 after Exxon moved from Manhattan to North Texas, the 365,000 square foot office building faces a small lake and is surrounded by more than 200 acres of undeveloped land.
With the existing chic corporate enclave, the vacant property can be used for millions of square feet of mixed-use construction.
“This development-ready 290-acre parcel is conveniently located at one of North Texas’ most desirable addresses,” says JLL.
The darkly colored, low-rise headquarters are surrounded by trees and are barely visible from the nearby highway.
The office building is currently fitted out for 346 offices. The hotel has a coffee shop, dining room and fitness centre.
Exxon Mobil says about 250 people currently work in the building. These jobs are being cut or moved to Exxon’s huge new campus in suburban Houston.
Designed by architects Gensler and Pickard Chilton, Exxon Mobil’s campus in suburban Spring can house 10,000 workers in 20 buildings.
It’s no surprise that Exxon chose JLL to market the Las Colinas headquarters to potential buyers.
JLL’s Paul Whitman represented the energy company in its North Texas headquarters search in 1989. And JLL also marketed excess land around Irving’s headquarters.