Tuesday, June 19, 2012

Chesapeake Energy Appears to Be Selling Its Texas Office Tower (CHK)

The company denies the report.
From CBS (DFW):

Chesapeake Plaza Goes Up On The Market

chesapeak Chesapeake Plaza Goes Up On The Market
Chesapeake Plaza in west Fort Worth. (Credit: CBSDFW.com)
Four years after a celebrated move-in, Chesapeake Energy may be moving out of its 20 story tower in west Fort Worth.

A real estate company with Chesapeake as a client revealed Monday that Chesapeake Plaza hasn’t sold yet, but has been on the market for a few weeks.

Several sources also told CBS11 Chesapeake has been looking to sell the building it paid more than $100 million for in 2008.

Chesapeake moved into the building with fanfare when it purchased it from a then-struggling Pier One Imports. It restored the distinctive lighting to the building’s v-shaped peak, which Pier One had turned off....MORE