FORT WORTH—Designed by Wyatt C. Hedrick for businessman Richard Dulaney, the circa-1927 Petroleum Building features Art Deco elements and has gone through several alterations during its 90-year history. The 117,000-square-foot building was restored in 2004 by XTO Energy.
Sundance Square recently purchased the downtown building from XTO Energy for an undisclosed price. The 14-story building is situated on a full city block at W. Sixth Street between Houston and Throckmorton Streets.
“The availability of the Petroleum Building presented a great opportunity to bring the landmark building into our portfolio,†stated Johnny Campbell, CEO of Sundance Square. “The Petroleum Building will continue to be occupied by XTO Energy at least through mid-2018.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
