The sale price: Nearly $14.9 million. Records give the sale date as Tuesday.
This is tied to a wider series of sales across the AT&T real estate footprint nationally.
AT&T said Jan. 24 it closed on an $850 million sale and leaseback deal with Oklahoma City-based Reign Capital involving 74 properties nationwide.
“The uniquely structured deal unlocks value in otherwise stranded commercial real estate space,” Michael Ford, head of global real estate for AT&T, said in a statement. “It’s a creative solution providing both upfront and long-term value through a revenue sharing model that fits with our broader company and transformation initiatives.”
The seller said the move impacts a “small portion” of AT&T’s portfolio of central offices. “It has no impact on jobs or changes in the services we offer customers,” AT&T said.
In 2021, AT&T executed a similar sale with Reign Capital, involving 13 properties covering over 3 million square feet.
County records say the 10-story building at Second and Wilkinson has nearly 244,000 square feet of space total.
Built in 1940, it was once known as the Ohio Bell Telephone Building.
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