{"id":1004094103,"date":"2014-04-04T09:29:22","date_gmt":"2014-04-04T17:29:22","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=245282"},"modified":"2022-12-03T23:15:49","modified_gmt":"2022-12-04T07:15:49","slug":"glimcher-acquires-3-retail-centers-from-chesapeake-energy-in-52m-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/glimcher-acquires-3-retail-centers-from-chesapeake-energy-in-52m-deal\/","title":{"rendered":"Glimcher Acquires 3 Retail Centers from Chesapeake Energy in $52M Deal"},"content":{"rendered":"

By Gabriel Circiog, Associate Editor<\/em><\/p>\n

Glimcher Realty Trust recently completed the acquisition of three open-air, mixed-use properties in metropolitan Oklahoma City. The Columbus, Ohio-based REIT paid $51.8 million for the properties. Chesapeake Energy Corp. was the seller.<\/p>\n

\"\"<\/a><\/p>\n

Totaling about 290,000 square feet, the properties are Classen Curve, Nichols Hills Plaza and The Triangle @ Classen Curve. Also included is 12 acres in the upscale neighborhoods of northern Oklahoma City and Nichols Hills. The retail centers are bringing in a combined total of about $500 per square foot and feature the market\u2019s only Anthropologie, lululemon athletica, and Whole Foods.<\/p>\n

\u201cBased on early interest, we believe there is an opportunity to create a fully integrated, mixed-use shopping and entertainment district serving the local community as well as the broader Oklahoma City market,” explained Chairman & CEO Michael Glimcher in a statement. “To assist in maintaining the local flavor of the center and ensuring a smooth transition within the market, we are also pleased to announce Tom Blanton, President of Blanton Property Co., will continue to partner with us on leasing and development.\u201d<\/p>\n

Chesapeake Energy CEO Doug Lawler commented, \u201cWe are pleased to have one of the country\u2019s foremost retail real estate developers next to our campus. Through this sale, Chesapeake continues its strategy of divesting non-core assets to focus on our business of energy exploration and production.\u201d<\/p>\n

Photo Courtesy of: Classen Curve via Facebook.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Columbus, Ohio-based Glimcher Realty Trust, a real estate investment trust with a focus on retail properties, has recently announced it has completed the acquisition of approximately 290,000 square feet of open-air, mixed-use properties in the Oklahoma City market. The properties have been purchased for $51.8 million.<\/p>\n","protected":false},"author":264,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004094103","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nGlimcher Acquires 3 Retail Centers from Chesapeake Energy in $52M Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/glimcher-acquires-3-retail-centers-from-chesapeake-energy-in-52m-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glimcher Acquires 3 Retail Centers from Chesapeake Energy in $52M Deal\" \/>\n<meta property=\"og:description\" content=\"Columbus, Ohio-based Glimcher Realty Trust, a real estate investment trust with a focus on retail properties, has recently announced it has completed the acquisition of approximately 290,000 square feet of open-air, mixed-use properties in the Oklahoma City market. 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