ST. LOUIS — Telecommunications giant AT&T has sold its downtown St. Louis office tower at 1010 Pine St. as part of a broader transaction aimed at reducing its real estate footprint nationwide.
The new owner of the 28-story, 584,000-square-foot building at 1010 Pine St. is real estate firm Reign Capital. AT&T in January said it closed on the sale of 74 properties across the U.S. in a sale-leaseback transaction with New York-based Reign. AT&T in January did not disclose the specific properties included in the sale.
AT&T sold 1010 Pine St. to Reign Capital for $19.4 million, according to a market report from Gershman Commercial Real Estate. An AT&T spokesperson didn’t immediately respond to a request for comment regarding the sale, including a question about the number of employees currently based at 1010 Pine…