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Telecom giant AT&T Inc. has sold its 37-story downtown office tower, One AT&T Plaza, a company spokesperson said Monday.
The sale comes as AT&T (NYSE: T) is in the process of relocating its corporate headquarters and 700 employees from San Antonio to Dallas. Representatives for the buyer, IEP Dallas LLC, a subsidiary of New York-based Icahn Enterprises (NYSE: IEP), were not available for comment Monday.
Without disclosing the exact terms of the agreement, an AT&T spokesperson says the telecommunications giant will remain in One AT&T Plaza, which is located at 208 S. Akard Street, under a lease agreement.
The spokesman added that AT&T is already spending considerable funds renovating the company’s office space at One AT&T Plaza and will continue to do so to accommodate the relocating headquarters paydayloans no fax payday loan. He stressed that this type of real estate transaction is a common move for AT&T.