BP selling multimillion dollar Anchorage building

(Creative Commons photo by Mike Czyzewski)
(Creative Commons photo by Mike Czyzewski)

BP announced Monday that it’s selling its midtown Anchorage building. In a statement, the company says the sale will “reduce costs and free up capital, allowing BP to focus on its core business.”

BP will become a tenant in the building rather than the owner.

Spokesperson Dawn Patience declined an interview request about the sale.

The building was opened in 1985 and is assessed at more than $80 million.

State labor economist Neal Fried is reluctant to draw any major conclusions on the future of Alaska’s oil industry based on the sale.

“I guess it’s not a big surprise, given prices, and also — of course — they have lots of other expenses that have hit them over the years,” Fried said.

The sale doesn’t include the BP Energy Center.

Site notifications
Update notification options
Subscribe to notifications