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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

2008: Deep Fork Acquisition, a company sharing the same post office box with Chesapeake Land Development, buys Deep Fork Restaurant, 5418 N Western, for $4.5 million. The property previously sold for $775,000 in 2000. Chesapeake buys a 2,000-square-foot Shell station at 6405 N Western built in 1969 for $3 million. McClendon also begins approaching upscale retailers about moving into a planned upscale shopping center, Classen Curve, that the company sought to build at Classen and Grand Boulevards.

2010: Classen Curve opens. Whole Foods confirms it will anchor a second shopping center, Triangle, that Chesapeake Energy will build just north of Classen Curve.

2011: Crescent Market, a 122-year-old grocery at Nichols Hills Plaza, closes and the owner blames its demise on a $6,000 per month rent increase by landlord Chesapeake. The company announces plans to open its own grocery in the same spot. The adjoining Nichols Hills Drugstore closes its lunch counter and moves into a smaller storefront after being assured by Chesapeake the pharmacy will be included in the new grocery.

2013: Nichols Hills Drugstore leaves Nichols Hills Plaza. The grocery and other commercial projects are left in doubt as McClendon is set to leave Chesapeake Energy on April 1.

STEVE LACKMEYER AND BRIANNA BAILEY, Business Writers

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 Univerisity of Oklahoma and has worked at several newspapers in Oklahoma and Southern...
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