ConocoPhillips building has new owner - December 01, 2013

Providing coverage of Alaska and northern Canada's oil and gas industryDecember 2013 Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©1999-2019 All rights reserved. The content of this article and website may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.

Vol. 18, No. 48

Week of December 01, 2013

ConocoPhillips building has new owner

The four-building ConocoPhillips complex in downtown Anchorage has a new owner. The Stan Johnson Co. said in a Nov. 20 statement that the complex was sold to a partnership of institutional investors.

Stan Johnson Co. represented the owner, a privately held investment and management company. The 677,778-square-foot-complex, built in 1983, is 100 percent leased to ConocoPhillips, and the company will continue to occupy the complex.

“Anchorage’s office market is tight and the sale of this complex provides the new owners with a sound, long-term investment,” said David Clary, Stan Johnson Co. senior director. He said the property “has a long-term lease in place with ConocoPhillips, which is a solid investment-grade rated company.”

—Petroleum News

Petroleum News - Phone: 1-907 522-9469
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©1999-2019 All rights reserved. The content of this article and website may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law.