Love’s Travel Stops Purchases Corporate Office Buildings for Expansion
OKLAHOMA CITY -- November 11, 2013
Love’s Travel Stops & Country Stores, headquartered in Oklahoma City,
announced today the purchase of three corporate buildings located at N.W.
63^rd Street and the Lake Hefner Parkway in Oklahoma City. The buildings,
purchased from Chesapeake Energy Corporation, offer a combined square footage
of 227,000 and will accommodate the continued growth of the privately held,
national travel stop company. The sale closed on November 8, 2013. This
transaction follows the recent dedication of a new 68,000 square foot,
three-story building at Love’s corporate campus in northwest Oklahoma City.
“We've been inbusinessat Love's for nearly 50 years from our home base of
Oklahoma City,” said Greg Love, President of Love's Development Companies.
“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
“We have tremendous admiration for Love’s and their business, and we are very
pleased with this transaction. The sale allows both companies to meet their
business objectives – a win-win scenario for Oklahoma City,” said Gordon
Pennoyer, Chesapeake Director – External Communications.
“When Devon moved its employees to the company’s new downtown building, other
corporations quickly absorbed their vacated office space,” said Roy H.
Williams, president and CEO of the Greater Oklahoma City Chamber. “We are
seeing the same thing occur as Chesapeake’s employees move on campus. This
sale showcases the strength of Oklahoma City’s office market and the exciting
developments taking place at Love’s, one of Oklahoma City’s best corporate
About Love’s Travel Stops & Country Stores
Founded in 1964 by Tom Love, Love’s Travel Stops & Country Stores is
headquartered in Oklahoma City, Okla., and remains entirely family-owned and
operated. With more than 300 locations and 170 Love’s Truck Tire Care centers
in 39 states, Love’s approximate growth rate is 20 stores per year. Love’s is
currently ranked ninth on Forbes Magazine’s annual listing of America’s
Largest Private Companies. To learn more, go to www.loves.com, Facebook
(www.facebook.com/lovestravelstops), or follow @LovesTravelStop on Twitter.
Love’s Travel Stops & Country Stores
Kyla Turner, 405-242-2478
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