Historic downtown tower sells to hotel developer

​​​FORT WORTH – Tennessee-based Development Service Group Inc. has acquired the 24-story 714 Main building, formerly the Continental Life Insurance Building.

The 97-year-old high-rise was purchased from XTO Energy Inc., the latest in a series of property sales by the firm.

The new owners plan to redevelop the 185,000-sf landmark tower, which was renovated in 2010.

​JLL worked on behalf of the seller.