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Chesapeake acquires ground leasesNovember 12, 2013
Fort Worth investment group 111 Realty Investors LP has sold ground leases to Chesapeake Energy on about 400 acres in the Barnett Shale.
HFF announced that it has closed the sale of a ground lease of 106 urban natural gas drilling sites located in the Barnett Shale in North Texas, in Tarrant, Johnson, Ellis and Dallas counties.
HFF marketed the sites on behalf of the seller, 111 Realty Investor, and procured the buyer.
No details of the deal were announced.
The HFF team representing the seller was led by senior managing director Mark West and managing director Coler Yoakam. HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).