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Dallas' 206,000-SF AT&T Pinnacle Park soldDallas' 206,000-SF AT&T Pinnacle Park soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=18032015-02-06T08:42:00Z2015-02-06T00:00:00Z

DALLAS - The 206,040-sf office building housing operations for Dallas-based AT&T Inc. has been sold. The previous owner paid $29.4 million for the property in 2010, according to the Dallas Morning News.

AT&T Pinnacle Park is located near the south side of I-30 at Cockrell Hill Rd., west of downtown Dallas.

The building houses operations for the telecom company's customer service center for U-verse, voice-over-Internet protocol telephone services and Internet protocol television services.

The buyer, The Aztec Fund, was attracted to AT&T Pinnacle Park because of its stable and predictable cash flow, as well as the quality of the tenant.

"Its location within Pinnacle Business Park also offers superior regional accessibility and proximity to recently completed and ongoing new mixed-use development in West Dallas," said Eric Mackey, CBRE senior vice president.

tag: DFW Office MarketView 4Q 2014 (PDF) CBRE; One 'stat' shopping at DFW Market Data Sources (office, industrial, multifamily, retail stats)

Dallas Business Journal
Dallas-Fort Worth-Arlington
Office
http://www.bizjournals.com/dallas/news/2015/02/04/at-t-pinnacle-park-in-dallas-sells-to-investment.htmlRead more at {Source}

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