Only a day after I teased that a deal was in the works, Governor Nathan Deal announced the Fiserv relocation to Alpharetta. It’s clearly the biggest economic development story the city has seen in years. But there may be others not far down the road. Here are two to keep your eyes on.
NCR, who relocated their corporate headquarters to Duluth in 2009, manufactures ATMs, cash registers and kiosks. In July of 2011 they acquired Alpharetta-based Radiant Systems. Radiant makes many of the cash registers you see in restaurants. They occupy a building in the Brookside area of Alpharetta just off Old Milton Parkway.
Following the Radiant acquisition, fears were that NCR would close the old Radiant office and consolidate employees in Duluth. The Business Chronicle story suggests the opposite may be true.
It would be huge for Alpharetta to steal two large corporate residents from Gwinnett County in a short period of time. Additionally, when combined with the Fiserv deal, it would bring office vacancy rates down to levels not seen in years. The result could mean a rebirth in office construction in Alpharetta.
But on the flip side, might Johns Creek lose this insurance giant?
State Farm has purchased 17 acres of land near the Dunwoody MARTA station. The plan is to have as many as 8,000 employees at a transit-oriented development. It’s a direction the company is taking nation-wide.
Will they close their office in Johns Creek? The company has operated a large corporate campus here for as long as this writer can remember.