Just as AT&T prepares to move its corporate headquarters from San Antonio to Dallas, the telco giant has sold its 37-story One AT&T Plaza office tower in downtown Dallas. However, the company is having the space renovated and actually will lease it back from the buyer, a subsidiary of Icahn Enterprises (Yes, that Icahn). About 700 employees will be moving into the new Dallas HQ. AT&T did not state the financial details of the real estate sale. San Antonio became the new AT&T's base of operations a few years ago, after SBC acquired AT&T, took the latter's name and moved its corporate home south from St. Louis. The old AT&T had staked San Antonio as it command center back in the early 1990s.
- see this story at the St. Louis Business Journal
AT&T announced the Dallas move earlier this summer. AT&T report
AT&T produced solid second quarter earnings. AT&T report