Latest Fortune 500 Company to Choose Perimeter
Georgia's largest concentration of Fortune 1000 national and North American headquarters is gaining a new resident. Mercedes-Benz USA (http://www.mbusa.com) is relocating its U.S. HQ from Montvale, NJ to a 12-acre tract in Sandy Springs. The new corporate campus will be near Glenridge Hall on the south side of Abernathy Road approaching Georgia 400. Mercedes-Benz will anchor an adjacent planned residential and retail development by homebuilder Ashton Woods. Several hundred employees will move into temporary offices in Dunwoody beginning in July, with the new campus expected to open in 2017. Eventual employment planned for the company in the Central Perimeter sub-market is expected to exceed 1000 positions.
Access to Mass Transit Critical
According to Mercedes-Benz USA CEO Stephen Cannon, employee talent and access to mass transit drove their site selection within the Perimeter sub-market and City of Sandy Springs. Their selection process bypassed other locations in part due to the lack of direct MARTA station access.
Location, Location. Location
In a recent Wall Street Journal article, Cannon added that Atlanta was the company’s unanimous choice because it is positioned between the company’s expanding manufacturing plant in Vance, Ala., and the Georgia Ports Authority port at Brunswick, GA where the company imports its other models for sale in the U.S. Access to the Alabama plant, as well as the Georgia Port will both become even easier when the I-285/Georgia 400 Interchange re-construction is completed in 2019.
The planned $1-billion re-construction of the interchange includes roadway improvements, new ramps and as many as 30 bridges extending from west of Roswell Road in Fulton County to Ashford-Dunwoody Road in DeKalb County, for 4.3 miles along I-285 and nearly 6 miles along Georgia 400 from the Glenridge Connector to Spalding Drive. The project, already approved by the Federal Highway Administration, including all required environmental impact assessments. will become the largest surface transportation project in Georgia history.
"We believe that the best long term yield of our leveraged investments in transportation and transit infrastructure are more jobs and increasing employment within the PCIDs and our region. The voluntary funding commitments of our property owners have been the catalyst behind our PCIDs becoming Georgia's Fortune 500 address of choice," says Yvonne Williams, CEO and President, Perimeter Community Improvement Districts.