Price disclosed for Love’s purchase of Chesapeake office buildings

The gas station and convenience store
chain purchased Atrium Towers, 3501 and 3503 NW 63rd St., and a
neighboring building at 3601 NW 63rd St. The 3601 building sold for
$6.45 million, and Atrium Towers fetched $17.8 million. County
records show the buildings were constructed in 1980.

“We’ve been in business at Love’s for
nearly 50 years from our home base of Oklahoma City, ” said Greg
Love, president of Love’s Development Companies, in a prepared
statement. “The purchase of these three buildings is in line with
our strategy to add space relative to the steady pace at which we
grow. On average, Love’s adds 20 new travel stops across the United
States each year. As our retail footprint expands across the country,
the need for additional corporate support increases to sustain our
high level of operational efficiency and customer service.”

As Chesapeake is shedding its real
estate and moving employees back to its corporate campus at NW 63rd
Street and Western Avenue, Love’s is expanding its brick-and-mortar
holdings. In October, Love’s held a grand opening for a new office
building at its headquarters at N. Pennsylvania Avenue and Britton
Road. That 67,500-square-foot building was designed to provide office
space for 400 employees.

Workers with American Glass changing out glass on the north Atrium building Nov. 13.

Photo by Shannon Cornman

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