AT&T Surplus Real Estate Auction Set for October

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Williams & Williams is holding a real estate auction for AT&T during a two-week period this Fall. There are 37 assets located in nine states, selling in a combination of on-site and online auctions. Williams & Williams will conduct the auctions in conjunction with broker partner Jones Lang LaSalle (NYSE: JLL). AT&T Inc. is offering each property separately for auction and most will come with leaseback deals in place.

The properties include industrial and office, and several have potential for significant redevelopment, according to Williams & Williams.

 The properties are located in regional markets in AL, FL, IL, IN, LA, GA, OH, SC, TN and WI. Two properties in Opportunity Zones are in Marion, AL and Euclid, OH. To view all properties go to: www.WilliamsAuction.com/ATT.

“We are on a very precise timetable to sell these assets for the client before the close of 2019,” said Williams & Williams EVP Fontana Fitzwilson. “The auction terms of sale will require fast closings so the client has taken the critical step of providing buyer due diligence information before the auction,” Fitzwilson said. 

The auctions will begin Wednesday, October 16 and end Friday, October 25. All auctions are open to the public. Bids may be placed at the live auction or online at AuctionNetwork.com, the online bidding platform for Williams & Williams. All properties are being sold subject to seller confirmation. High bidders will go under contract immediately following the auction and a 10 percent down payment is due immediately. 

August 16, 2019   

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