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Love's buys three office buildings from Chesapeake

Love's Travel Stops & Country Stores, an Oklahoma City-based retailer, needs space to expand, while Chesapeake continues divesting its office building holdings.
by Brianna Bailey Published: November 11, 2013

Love's Travel Stops & Country Stores has purchased three office buildings from Chesapeake Energy Corp. at NW 63 and Lake Hefner Parkway for an undisclosed price.

The buildings include the twin six-story office Atrium Towers office buildings that Chesapeake purchased for $17.3 million in 2011.

Love's also has acquired an adjacent three-story office building at 3601 NW 63 that Chesapeake purchased for $5.4 million in 2006.

Love's is rapidly expanding its presence across the United States, opening 15 to 20 new Travel Stops and Country Stores each year.

The company needs the extra corporate office space as it grows, said Greg Love, president of Love's Development Companies.

“As we continue to grow the company, we of course need more people and we're out of room,” Love said.

Love's recently finished construction on a new, 68,000-square-foot, three-story office building on its corporate campus at near N Pennsylvania and W Hefner Road.

But the new building is not sufficient for Love's long-term office space needs, Love said.

The company has more than 700 corporate employees in Oklahoma City.

“We're out of space on our campus at Hefner and Penn. There's no more room there to put another building,” he said.

Love's initially will move some employees into the former Chesapeake building at 3601 NW 63.

While Chesapeake completed extensive renovations to the south Atrium Tower building just last year, its twin to the north still needs to be remodeled, Love said.

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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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