Sunday, October 1, 2023 Oct 1, 2023
79° F Dallas, TX
Commercial Real Estate

AT&T’s Whitacre Tower Is Up For Sale

And it could fetch more than $250 million.
By Julia Bunch |
Image

Whitacre Tower, best known as one of AT&T’s headquarters buildings, is being marketed for sale by CBRE. Though AT&T owns its other three headquarters buildings, New York-based Icahn Enterprises, an affiliate of billionaire Carl Icahn, owns Whitacre Tower, also called One AT&T Plaza.

AT&T’s lease in the 37-story tower goes through 2030, and a new landlord would not impact the terms of the tech giant’s lease. The nearly 1-million-square-foot building is expected to draw international interest and could fetch more than $250 million. In 2008, Icahn bought the building for $60.1 million.

In late 2016, AT&T agreed to renew its downtown lease, which includes more than 2 million square feet across Akard and Commerce streets. After exploring other options, including a possible move to the suburbs, AT&T decided to create a “Discovery District” with street-level interaction at its downtown headquarters. AT&T and the city are amid the $100 million in improvements now.

Related Articles

Image
Commercial Real Estate

Deadline Extended: D CEO’s Commercial Real Estate Awards

The program honors North Texas’ top projects, transactions, dealmakers, and industry leaders.
Image
Awards

Nominate Now: D CEO’s 2022 Commercial Real Estate Awards

A new category was added this year to highlight hospitality projects in the region.
Image
Commercial Real Estate

Nominate Now: D CEO’s 2023 Commercial Real Estate Awards

The deadline to submit individual, company, and deal nominations is Jan. 13, 2023.