ExxonMobil’s former corporate campus in Irving is slated to hit the market later this year. Marketing and leasing efforts are gearing up ahead of the titan’s relocation to Houston this Spring.
Austin-based Capital Commercial Investments (CCI) acquired ExxonMobil’s sprawling business campus through a sale-leaseback deal in December 2022. The deal was structured to provide ExxonMobil Corp. sufficient time to transition its corporate workforce to its new headquarters north of Houston by the end of 2023, The Dallas Express previously reported.
“The former ExxonMobil site is one of the most exceptional in-fill locations in North Texas. We look forward to engaging with the City of Irving and other parties to redevelop the campus into a luxury master-planned community,” CCI Executive Vice President Robb Buchanan said in a statement following the campus acquisition in December.
Commercial real estate firm JLL will handle marketing, leasing, and property management efforts on the 290-acre master-planned campus, with a dedicated team from JLL’s Dallas office tasked with finding another high-profile tenant to lease the mega campus, according to an April 18 news release.
The highly sought-after business campus features a variety of top-end amenities, including a private gate that surrounds the entire property, walking trails that connect several ponds, an outdoor plaza, a fitness center, a dining hall, and a coffee shop, the Dallas Business Journal reported.
“With its expansive size and prime location, this Las Colinas campus represents a once-in-a-lifetime opportunity for businesses looking to establish or expand their presence in the Dallas-Fort Worth area,” Doug Agarwal, founder and president of Capital Commercial Investments, said in the news release.
The brokerage team responsible for marketing and leasing the property’s 379,000-square-foot office building includes JLL’s Blake Shipley, Chris Wright, Ashley Curry, and T.D. Briggs, the managing director of the firm’s Dallas office. Property Management efforts will be led by industry veterans John Myers and Bill Moebius, the firm said in the news release.
“Las Colinas has long been a magnet for top-tier companies and talent, and this property is no exception,” Briggs said in the news release. “With JLL’s expertise in leasing and property management, we are well-equipped to help companies take advantage of this exciting opportunity and create the perfect space for their unique needs.”
While Irving is considered the “headquarters of headquarters,” Briggs suggested there is “nothing like this in the city in the context of a corporate campus,” according to the Dallas Business Journal. “It’s the best corporate campus that no one’s ever seen.”
While most of ExxonMobil’s 10,000-person workforce is heading to its new 385-acre campus near Houston, the company has stated that a limited number of employees would likely remain at the Irving campus until the sale-leaseback deal concludes at the end of the year.
Even though JLL has not officially rolled out a comprehensive marketing campaign for the corporate campus due to being ‘lived in,’ Briggs says the firm should have the opportunity to “bring it out to the public” sometime this year.
“Once the Exxon relocation occurs, then we’ll really lean into the marketing of the building,” he told the Dallas Business Journal.