take back

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Upon learning of AT&T's decision to consolidate its operations into an owned facility elsewhere, W&M worked to take back the firm's 100,000 square feet of offices on a gradual basis.
Earlier this year, W&M negotiated with AT&T to gradually take back its 95,000 s/f of offices spanning two floors at 500 Mamaroneck.
They are then struck with low-value assets when they take back the property.