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Unfinished business: Chesapeake Energy Corp. timeline

Timeline of Chesapeake Energy Corp.'s real estate deals in Oklahoma City and Nichols Hills.
by Steve Lackmeyer and Brianna Bailey Published: March 11, 2013

At a glance

Chesapeake Energy Corp.'s

real estate timeline

1989: Aubrey McClendon and Tom Ward start Chesapeake Energy. They pay $240,000 for a single 6,000-square-foot office building in 1989 at the office park known as “Three Chopt Square,” 6200 N Western Ave. Over the next few years the company buys the entire office park for its headquarters.

1997: Chesapeake Energy buys adjacent land for expansion.

2000: Chesapeake Energy begins building new, Georgian style brick buildings as it continues headquarters expansion.

Early 2000s: Chesapeake Energy begins buying nearby office and warehouse properties.

2005: Chesapeake Energy and its affiliates begin to buy retail properties, including Glenbook Centre, 1140 NW 63, for $8.5 million.

2006: Chesapeake Energy buys Nichols Hills Plaza for $27.5 million. When asked about talk of Nichols Hills Plaza being turned into “another Utica Square” — the popular Tulsa retail-restaurant center — Executive Vice President Tom Price Jr. responds Chesapeake is an oil and gas company, first and foremost, and not a real estate developer. That same year the company buys Metro Center, 6418 N Western, a retail and office complex home to the upscale Metro restaurant, for $1.85 million.

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by Steve Lackmeyer
Business Reporter
Steve Lackmeyer is a reporter and columnist who started his career at The Oklahoman in 1990. Since then, he has won numerous awards for his coverage, which included the 1995 bombing of the Alfred P. Murrah Federal Building, the city's Metropolitan...
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by Brianna Bailey
Business Writer
Brianna Bailey has lived in Idaho, Germany and Southern California, but Oklahoma is her adopted home. She has a bachelor's degree in Journalism from the University of Oklahoma and has worked at several newspapers in Oklahoma and Southern...
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