FORT WORTH (July 25, 2018) – Sundance Square will immediately begin marketing the Petroleum Building, a 14-story building situated on a full city block at W. Sixth Street between Houston & Throckmorton Streets with approximately 117,000 square feet.
Built in 1927, the building was restored in 2004 by XTO Energy and has been well maintained. Designed by Wyatt C. Hedrick for businessman Richard Dulaney, the building features Art Deco elements and has gone through several alterations over its 90-year history.
“The market is strong in downtown Fort Worth and we believe now that the Petroleum Building is part of Sundance Square’s portfolio, the demand for this property will be high,” stated Johnny Campbell, CEO of Sundance Square. “We will continue to create a vibrant Central Business District that emanates throughout downtown. The Petroleum Building will maintain its position as a notable property.”
Robert Gamblin, Sundance Square’s director of leasing, will handle the leases for the 35-block development in downtown Fort Worth.
The parking garage, connected to the Petroleum Building by an enclosed skywalk, will offer 534 parking spaces and additional retail space. The Petroleum Building’s parking garage has been incorporated into Sundance Square’s generous parking program offering free parking to guests visiting Sundance Square after 5 pm weekdays. Before 5 pm, parking is free with a purchase from a Sundance Square restaurant or retailer. Validation is good for 2.5 hours of dining or shopping, or four hours for weekday movies. Weekends are free throughout the day and evening.
Sundance Square offers more than four million square feet of office, retail, and residential leasing in 45 buildings with renewable energy provided by Green Mountain Energy. The 36-block development is estimated to avoid approximately 8.4 billion pounds of carbon dioxide (CO2) through 2023, which is the equivalent of planting more than seven million trees.
Sundance Square is a vibrant, award-winning entertainment district spanning 36 blocks in downtown Fort Worth. The multi-use development attracts more than 10 million visitors each year. The one-acre outdoor plaza features restaurants, shops, fountains, a stage, four 32-foot umbrellas, and covered seating. For more information about Sundance Square, visit sundancesquare.com or follow the business and entertainment development on Facebook.com/sundancesquare or Twitter@sundancesquare. Commercial and residential leasing information can be found at www.ssqmgmt.com.