Capital Commercial Investments acquired the Exxon office building and surrounding land totaling about 290 acres in Irving.
Commercial property firm Jones Lang LaSalle had beenBuilt in 1996 after Exxon moved its head offices to North Texas from Manhattan, the headquarters building with 365,000 square feet faces a small lake and is surrounded by more than 200 acres of undeveloped land.The vacant property can be used for millions of square feet of mixed-use construction.
“The former Exxon Mobil site is one of the most exceptional in-fill locations in North Texas,” said Capital Commercial executive vice president Robb Buchanan in a statement. “We look forward to engaging with the City of Irving and other parties to redevelop the campus into a luxury master-planned community and capture Fortune 500 companies that are continuing to move to Dallas-Fort Worth from out of state.
Founded in 1992, Capital Commercial has invested in and developed more than 12.8 million square feet of property across four states. In November of last year, Capital Commercial acquired the 1.8 million-square-foot Legacy business park campus that was built for JCPenney. The sale was one of 2021′s biggest commercial property buys in North Texas.The former Penney headquarters — built in the early 1990s for the department store chain — is surrounded by more than 40 acres planned for retail, additional offices, apartments and a hotel.bought American Airlines’ former headquartersThe almost 1.
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