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Chesapeake-owned shopping centers said to be under contract

Classen Curve and Nichols Hills Plaza are under contract to a partnership led by an Ohio-based real estate investment trust.
by Brianna Bailey Modified: February 3, 2014 at 10:37 pm •  Published: February 4, 2014

Chesapeake Energy Corp.’s Classen Curve and Nichols Hills Plaza shopping centers are under contract to a partnership led by an Ohio-based real estate investment trust, Price Edwards & Co. said in a report.

The shopping centers, which are situated about half a mile apart between N Grand and N Western — and much of the land between the properties — are under contract to a group led by Columbus-based Glimcher Realty Trust, Price Edwards said in a report on the local retail market.

The sale — for an undisclosed price — is still tentative, said Jim Parrack, senior vice president for retail for Price Edwards.

“Hopefully it all happens,” Parrack said. “Glimcher is a good company with good relationships with a lot of great tenants — they could really turn that whole area into something special.”

Neither Glimcher nor Chesapeake Energy would comment on the reported pending sale on Monday.

Records filed with the Oklahoma Secretary of State show the shell companies OKC Glimcher Holdings LLC and OKC Glimcher-Blanton LLC, later changed to the name Curve Triangle Plaza LLC, were incorporated with the state on the same day last October. The shell companies list a corporate services company as the registered agent.

Chesapeake began selling off some of its extensive real estate holdings around its northwest Oklahoma City campus in 2013 after founder Aubrey McClendon left the company.

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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