|Exxon site in NW Houston sold, to be retail development||Exxon site in NW Houston sold, to be retail development||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=13248||2016-05-23T05:00:00Z|
HOUSTON - A former Exxon Mobil Corp. campus in northwest Houston could become a major retail development, according to Realty News Report.
Khaled Salem of Williamsburg Enterprises and Alan Hassenflu of Fidelis Realty Partners bought the energy giant’s Brookhollow campus.
Although the property once was expected to fetch as much as $40 million it sold for around $11 million.
Exxon put the property on the market in mid-2014 as it prepared to consolidate thousands of employees across the Houston area into its new Springwoods Village campus.
The 24-acre property is at 4400-4550 Dacoma St. along Hwy. 290, northwest of the 290 and Loop 610 intersection.
The facility includes three office buildings totaling 500,000 sf, a full-service cafeteria and 60,000 sf of storage and auxiliary buildings.
Nearby, the Northwest Mall went up for sale in 2014 and was expected to be redeveloped.
|Houston Business Journal||Houston-The Woodlands-Sugar Land||Retail|| http://www.bizjournals.com/houston/news/2016/05/18/exxon-mobil-site-in-northwest-houston-sold.html|
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