June 30, 2020
Downtown Atlanta’s CNN Center is for sale. The owner of the property, AT&T Inc. acquired the iconic five-acre complex as part of its purchase of Time Warner Inc. in 2018.
In a statement, AT&T subsidiary WarnerMedia announced that it plans to sell CNN Center and consolidate its operations into its renovated and redesigned campus on Techwood Drive in Midtown. WarnerMedia said that it plans to lease back the property for at least five years and that there will no immediate impact for employees working there.
“A part of efficiently running a business is constrantly examining the operations to make sure we’re making the best use of our assets, including real estate,” said Pascal Desroches, CFO at WarnerMedia in a memo to employees.
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