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Mar. 11, 2013

Metro Atlanta Successfully Attracting Corporate Expansions and Relocations

By Georgiana Mihaila, Associate Editor

Recent leases and expansions stand as clear proof of the increasing attractiveness of the metro Atlanta area for both national and foreign companies.

Outsourcing giant Infosys recently disclosed an expansion strategy for its Cumberland location in Cobb County that involves adding approximately 200 new jobs in the next fiscal year. Moreover, the company is considering additional expansion in the metro Atlanta area over the next two years. The upcoming expansion will involve adding more space at the company’s 30,000-square-foot office in the Wildwood office park in Cobb County for its business process outsourcing (BPO) unit; Infosys is also occupying 40,000 square feet in the Powers Ferry Landing office complex, employing about 300 people in the Atlanta area.

“Infosys is an integral part of metro Atlanta’s technology community and we are pleased that it has decided to expand operations here following the opening of their new business center last year,” said Hans Gant, senior vice president of Economic Development at Metro Atlanta Chamber. “Maintaining our close ties with India and companies like Infosys is central to our growth strategy for the region and it is through collaboration with our partners that these success stories continue to happen.”

Orlando-based Bitcoin payment processor BitPay will soon be relocating its headquarters to Buckhead. According to the Atlanta Business Chronicle, BitPay plans to open a software development center at Atlanta Tech Village—a 100,000-square-foot office building on track to being converted into a tech company hub.

Eye care provider Thomas Eye Group is also planning a $9 million expansion that will significantly increase its Atlanta footprint. The company’s current St. Joseph Clinic and Ambulatory Surgery Center will be relocated to a newly purchased building at the corner of Barfield Road and Hammond Drive. The project scope will include a renovation of the exterior, the addition of a drop-off canopy and a complete build-out of the interior. Working with project partners Denver-based Marasco & Associates and Atlanta-based Wakefield Beasley Associates, construction is scheduled to begin next month and will be completed by November 2013.

In addition to the Atlanta office relocation, Thomas Eye Group’s existing Roswell Clinic will add nearly 3,000 square feet of space with a complete renovation of the interior allowing for a third eye care provider.

Good things may also be in store for the 376,351-square-foot Cobalt Center office development on Windward Parkway, currently competing for a company that would relocate its nearly 400,000-square-foot operations to metro Atlanta. While the name of the potential tenant has not yet been disclosed, the Atlanta location will be competing with others in Illinois, Ohio, North Carolina and Texas for the deal.

Image courtesy of Thomas Eye Group
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