While no decision has been made, experts tell GlobeSt.com thatAT&T Broadband, a telecommunications giant based in ArapahoeCounty, likely will not dump most of its real estate on the market.Sources tell GlobeSt.com AT&T Broadband controls about 1.6million sf of space. About 1.25 million sf is in its corporateheadquarters andanother 400,000 sf is for operating systems.
AT&T Broadband employs about 6,000 people in the Denverarea.
AT&T controls most of its real estate through syntheticleases: a not-uncommon means for telecommunication and technologycompanies to control properties while keeping the land off abalance sheet. After all, they don't want to be in the real estatebusiness.
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