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Guest donaltopablo

Another fortune 500 company for Atlanta?

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Big firm plans move to Atlanta

Jarred Schenke

Staff writer

A big U.S. company that is a household name is expected to move its corporate headquarters to Atlanta.

The identity of the company, which has kept its plans known to only a tiny group, could not be determined as of press time. It will announce the relocation shortly, sources told Atlanta Business Chronicle.

Sources say the company may move to Concourse Corporate Center, a North Perimeter office development owned by New York-based Teachers Insurance and Annuity Association College Retirement Equity Funds.

Sources said the company will move a small number of executives to Atlanta.

The North Perimeter is a popular location for large corporate offices and headquarters. United Parcel Service Inc. moved to Sandy Springs in 1991. Other major companies with headquarters in the area include Cox Enterprises Inc. and Cox Communications Inc., Georgia Gulf Corp., Gold Kist Inc., Philips Consumer Electronics North America, InterContinental Hotels Group, Mirant Corp. and Hewlett-Packard Corp.

"The Central Perimeter [area] is probably best represented by Fortune 500 companies," said Hugh Pafford, vice president and partner at Colliers Cauble & Co., who specializes in office real estate in the Central Perimeter. "You can draw from all the bedroom communities, and it's so well-located in the expressway system."

Atlanta is home to 14 Fortune 500 companies, ranking third nationally. Experts say corporations considering Atlanta often are attracted by its relatively low cost of living and employment base.

The announcement would be the first significant corporate relocation to Atlanta since February 2003, when Newell Rubbermaid Inc. (NYSE: NWL), maker of such products as Sharpie pens and plastic containers, announced it would move here from Freeport, Ill.

One of the major lures for Newell Rubbermaid was Hartsfield-Jackson Atlanta International Airport.

Concourse, located at Interstate 285 and Georgia 400 and known by many for the "king and queen" towers, contains five buildings and 2.1 million square feet. Major tenants include cell phone service T-Mobile USA Inc., restaurant franchiser AFC Enterprises Inc. (OTC: AFCE.PK), Microsoft Corp. (Nasdaq: MSFT) and telecommunications giant MCI Group Inc.

The development is managed by Atlanta-based Cousins Properties Inc. (NYSE: CUZ). A Cousins spokesman declined to comment.

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Well, I don't think this is big enough to be a Fortune 500, but certainly a F1000 company moving to Atlanta. I am assuming this is the company referenced by the article above.

Rayovac moving headquarters to Atlanta


The Atlanta Journal-Constitution

Atlanta's reputation as the center for corporate headquarters is getting another charge.

Rayovac Corp., the Madison, Wis., maker of household batteries and Remington electric razors, will move its home office to the Atlanta area, said Loretta Lepore, a spokeswoman for Gov. Sonny Perdue.

There was no word Tuesday about how many employees would come to Georgia, but Lepore said Rayovac's decision was made on the metro area's economic climate and assets like Hartsfield Jackson Atlanta International Airport, and not on state incentives.

"The governor is very pleased about Rayovac's decision to relocate its headquarters," she said. Perdue has met with Rayovac CEO David Jones and other top management and "pledged to do anything he can to help in the relocation," Lepore said.

The company was founded in 1906, and has 3,300 employees worldwide. It reported 2003 revenues of $922.1 million.

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