The Exxon Mobil Brookhollow office complex at 4400 - 4550 Dacoma Street, which was once home to numerous back office operations for the corporation, has been sold for an undisclosed amount. The 24-acre property, which was originally placed on the market in 2014 as it prepared to consolidate thousands of employees across the Houston area, leaving the complex vacant after departure. RNR reports that a partnership affiliated with Houston real estate investor Khaled Salem of Williamsburg Enterprises and Alan Hassenflu of Fidelis Realty Partners purchased the property from Exxon Mobil. RNR suggests that the property sold for $11 million, which is well below the placed approximate value at $40 million just two years ago.
"This is one of the largest and most desirable in-fill tracts remaining in all of Houston," said JLL's managing director Rudy Hubbard, which marketed the property on behalf of Exxon. "This premier site is ideal for a mixed-use redevelopment that includes office, retail, residential and hospitality components."
The Exxon Mobil Brookhollow facility at the intersection of Highway 290 and Dacoma Street includes three office buildings totaling 500,000 square feet, a full-service cafeteria and 60,000 square feet of storage and auxiliary buildings. Originally constructed in 1970, the property earned the ENERGY STAR for superior energy performance as a result of Exxon Mobil's continuing commitment to energy efficiency in all its operations.
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