The AT&T Technology Center in downtown Little Rock has been sold for $19.3 million, according to Arkansas Business. The 4.6-acre property, located at 311 E. Capitol Ave., was purchased by a Texas-based real estate investment trust, Lexington Realty Trust. The building serves as a major telecommunications hub and is also home to various technology companies and government agencies.
The sale of the AT&T Technology Center represents a significant transaction in the Little Rock commercial real estate market. The property has been a key part of the downtown area for years, providing essential infrastructure for telecommunications and technology services. The acquisition by Lexington Realty Trust highlights the attractiveness of the property as an investment opportunity.
The sale of the AT&T Technology Center is part of a broader trend of commercial real estate activity in Little Rock. The city has seen a surge in development and investment in recent years, with new office buildings, hotels, and mixed-use developments reshaping the downtown landscape. The sale of the AT&T property is expected to further contribute to the revitalization of the area and attract additional investment.
The new owners of the AT&T Technology Center have not yet announced their plans for the property. However, it is likely that they will continue to operate it as a telecommunications hub and explore potential opportunities for redevelopment or expansion. The sale demonstrates the continued interest in Little Rock as a real estate investment destination and highlights the city’s growing reputation as a hub for technology and innovation.
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