AT&T Vacating 3 Atlanta Offices In Massive Consolidation
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The telecommunications giant will vacate the AT&T Building — the 49-story, 1.4M SF tower at 675 West Peachtree St. in Midtown — as well as 1055 Lenox Park Blvd. and 575 Morosgo Drive, both of which are in its Buckhead campus near Lenox Square, according to an internal memo obtained by Bisnow.
In turn, AT&T is expected to move employees to 754 and 725 West Peachtree streets, called Midtown I and II, or other buildings around its Lenox Park campus, including 1025 Lenox Park Blvd. and 2180 Lake Blvd., according to the memo.
“Others will be telecommuting or working at other company locations in Metro Atlanta,” AT&T spokesperson Lance Skelly wrote in an email.
It was unclear as of press time exactly how much square footage this entailed. CoStar reports that AT&T uses 1.2M SF at the AT&T Building. AT&T plans to make the moves in late 2018 and 2019, according to the memo.
The company has been shifting jobs out of Atlanta in recent months. In April, AT&T announced that it planned to “move a few hundred managerial jobs” with its Entertainment Group from Atlanta to Los Angeles and Dallas, according to The Atlanta Journal-Constitution. In August, the Atlanta Business Chronicle reported that AT&T's Southeast retail headquarters was expected to move from Atlanta to New Jersey, taking 100 jobs with it.
The moves came soon after AT&T announced a planned merger with New York-based Time Warner, a merger that is facing resistance from the U.S. Justice Department, which sued the companies in November to block their merger. The case is currently before the courts as AT&T and Time Warner recently extended the merger deadline.
“We remain committed to the city of Atlanta and the state of Georgia and expect this change to have minimal effect on our employees and operations located here,” Skelly said. “The developments are not unique to Atlanta. Enterprise-wide, we're constantly evaluating our real estate portfolio to identify opportunities to make better use of underutilized office space. Moves like this reduce our company's operating expenses while creating more collaborative work environments for our employees.”