Hines' First Foray into Fort Worth: Chesapeake Plaza Purchase

Hines made its entry into the Fort Worth office market with the purchase of the 410k SF 20-story Class-A Chesapeake Plaza (on 14 acres along the Trinity River in Fort Worth’s CBD). The deal comes after almost two years of Chesapeake Energy shopping for a buyer of the 2004-era office tower. Hines Dallas managing director Heath Johnson tells us that Hines is thrilled to enter the Fort Worth market and looks forward to becoming an active member of the community. Pier 1 Imports plans to expand its presence in the building and Chesapeake Energy will scale down its footprint. The building is being rebranded as the Pier 1 Imports Building. JLL’s Todd Burnette and Pat McDowell repped Pier 1 in the lease.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Dallas-Fort Worth Newsletters
Related Stories

Hines And Rialto Close Office Credit Fund At $1.1B

Rig Collapse At Citadel HQ Site Sends 4 To Hospital

Machine Investment Group Buys 490-Unit Multifamily Property In North Dallas: The DFW Deal Sheet

Northern Virginia Office Tower Sells For Double Its 2024 Price

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal Sheet

Office Revenues Are Failing To Keep Pace With Expenses

DFW Multifamily Distress Creates Opening For Investors As Development Slows

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Stephen Ross Expands Palm Beach Empire With Massive Boca Raton Campus

25 Years After 9/11, Lower Manhattan Is Finally Firing On All Cylinders

DFW's Life Sciences Sector Offers Startups The Ingredients They Need To Scale