One AT&T

Cindy Brinkley, the president of AT&T here in Missouri, called me today to spike a rumor before it had a chance to get started.

What Cindy told me is that AT&T plans to sell its major office building (formerly One Bell Center) and lease it back. It's just a real estate transaction that lets the company take equity out of some of its office buildings across the country and use the cash for things like research. They've already done this in Chicago, and they lease their building in San Antonio. Their downtown data center and the building at 1010 Pine are not for sale.

AT&T is one of downtown's largest employers and property owners and almost anything they do gets the phone wires buzzing.