{"id":288623,"date":"2026-05-11T22:43:09","date_gmt":"2026-05-11T22:43:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/288623\/"},"modified":"2026-05-11T22:43:09","modified_gmt":"2026-05-11T22:43:09","slug":"jpmorgan-chase-provides-400m-loan-for-atts-next-hq","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/288623\/","title":{"rendered":"JPMorgan Chase Provides $400M Loan for AT&T\u2019s Next HQ"},"content":{"rendered":"

The developer of AT&T\u2019s upcoming headquarters move secured a $400 million loan from JPMorgan Chase.<\/p>\n

America\u2019s largest bank will lend Dallas-based developer KDC<\/a> $400 million for the construction of AT&T\u2019s $1.4 billion headquarters at 5400 Legacy Drive in Plano, marking a significant early stage in the project, the Dallas Business Journal reported<\/a>. Terms of the loan were not disclosed.<\/p>\n

AT&T officially announced its plans to leave Dallas in January<\/a>. The company currently occupies a 37-story tower at 208 South Akard Street in Downtown Dallas, and it hopes to consolidate its offices around the Metroplex in the proposed 54-acre campus in Plano<\/a>, CEO John Stankey has stated.\u00a0<\/p>\n

However, space wasn\u2019t the company\u2019s only consideration. Emails exchanged between Stankey and Dallas city leaders months before the company\u2019s January announcement revealed his \u201congoing\u201d<\/a> concerns about the city\u2019s ability to improve quality of life downtown.<\/p>\n

After AT&T announced that it would leave Dallas, the City of Plano offered the company a $20 million economic incentives package \u2014 the largest in the city\u2019s history, according to local reports<\/a>. The offer stipulates that AT&T must invest at least $1.4 billion to build a minimum of 2 million square feet of office, amenity and retail space at 5400 Legacy Drive. The company must also employ 10,000 full-time workers at the complex and occupy it for at least 25 years.<\/p>\n

AT&T\u2019s departure could scoop a hefty chunk out of Dallas\u2019 hollowing urban core. AT&T is the largest publicly traded company in Dallas by employee count, according to the publication. Spatially, AT&T occupies about 3 million square feet of office space in the city, more than any other private employer, according to CoStar<\/a>.<\/p>\n

The company has been headquartered in Dallas since it moved from San Antonio in 2008, the outlet reported. Its current lease runs through the end of 2031, but the new office could open and start operating as early as 2028.<\/p>\n

\u2014 Isaiah Mitchell<\/p>\n

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AT&T ditches Downtown Dallas, opts to build global HQ in Plano<\/p>\n

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Plano dangles $20M incentive package to land AT&T\u2019s $1.4B headquarters<\/p>\n

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Behind Downtown Dallas\u2019s donut problem<\/p>\n

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Continental Battery is the latest company to ditch Downtown Dallas for the suburbs<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The developer of AT&T\u2019s upcoming headquarters move secured a $400 million loan from JPMorgan Chase. America\u2019s largest bank…\n","protected":false},"author":2,"featured_media":288624,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[105731,160,162,161],"class_list":["post-288623","post","type-post","status-publish","format-standard","has-post-thumbnail","category-plano","tag-dallas-plano-att","tag-plano","tag-plano-headlines","tag-plano-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/288623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=288623"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/288623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/288624"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=288623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=288623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=288623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}