SHAVANO PARK, TX-Chesapeake Operating, Inc. has leased 19,652square feet of class A office space at 4350 Lockhill-Selma Rd. TheOklahoma City-based energy firm signed a medium-term lease and willmove into its new space in early 2011.

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Currently, Chesapeake is subleasing space in Fountainhead Tower,and the firm wanted to commit to longer-term space, according toJason Schnittger, a vice president with Stream Realty Partners. Heand Jason Adkison of represented the landlord, Stream RealtyPartners – Central Texas LP, while Dayton Schrader of RE/MAXrepresented Chesapeake.

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Schnittger tells GlobeSt.com that Chesapeake will be the secondlargest tenant in the 116,545-square-foot building. The building’slargest tenant is XL Health Corp.

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With the Chesapeake lease, the three-story building is 83%occupied. Completed in December 2008, the building features39,000-square-foot floorplates and six parking spaces per 1,000rentable square feet.

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“Chesapeake is taking shell space, so they have ultimateflexibility with the build out,” Schnittger explains, adding thatthe firm will occupy space on the second floor.

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