Wednesday, September 20, 2006

AT&T Seeking Sale Leaseback of Regional HQ Office Tower in Cleveland, OH

The Plain Dealer - September 19, 2006

AT&T Inc. is shopping for a buyer for its 16-story headquarters in downtown Cleveland, but the telecommunications giant said it plans to keep all of its 1,100 local employees there. The 464,000 square-foot building, at 45 Erieview Plaza and 1180 Lakeside Ave., has served as a hub for the region's largest telephone service since 1983. AT&T spokeswoman Kim Kowalski said AT&T is selling the building with intentions to lease the property with a minimum commitment of 10 years. Kowalski said the company is seeking the 'sale/leaseback' option to manage its capital better. Sphere: Related Content

No comments:

Wikinvest Wire