Friday, March 29, 2024 Mar 29, 2024
59° F Dallas, TX
Advertisement
Business

AT&T Global HQ Purchased by Local Investors

AT&T's lease within the iconic 37-story One AT&T Plaza will be unaffected by the sale.
By Julia Bunch |
Image

AT&T’s iconic headquarters building has been sold. Whitacre Tower, also called One AT&T Plaza, has been snapped up by two Dallas investors: Dundon Capital Partners and Woods Capital. The 37-story tower is fully leased to the tech giant until 2030, and the building’s sale will not impact AT&T’s lease. 

AT&T moved into the building in 2008 and in 2016 announced a $100 million repositioning of its downtown campus into a so-called Discovery District. The renovation includes adding about 40,000 square feet of retail and restaurant space and several pedestrian-oriented amenities.

Terms of the deal were not disclosed, but the purchase was expected to fetch upwards of $250 million. The Dallas County Appraisal District values the building at about $49 million. This sale is likely the largest office trade in DFW so far this year and comes on the heels of Cityplace Tower’s sale earlier in August.

CBRE’s Michael Monahan, Gary Carr, Evan Stone, John Alvarado, Eric Mackey, Robert Hill, and Jared Chua represented the seller, New York-based Icahn Enterprises, an affiliate of billionaire Carl Icahn.

Related Articles

Image
Arts & Entertainment

Here’s Who Is Coming to Dallas This Weekend: March 28-31

It's going to be a gorgeous weekend. Pencil in some live music in between those egg hunts and brunches.
Image
Arts & Entertainment

Arlington Museum of Art Debuts Two Must-See Nature-Inspired Additions

The chill of the Arctic Circle and a futuristic digital archive mark the grand opening of the Arlington Museum of Art’s new location.
By Brett Grega
Image
Arts & Entertainment

An Award-Winning SXSW Short Gave a Dallas Filmmaker an Outlet for Her Grief

Sara Nimeh balances humor and poignancy in a coming-of-age drama inspired by her childhood memories.
By Todd Jorgenson
Advertisement