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NCR to spend an additional $145 million in extending new Atlanta campus

13 September 2016  |  2498 views  |  0 Source: NCR

NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced plans to expand the new world headquarters campus under construction in Midtown Atlanta.

The expansion will add a second tower to provide the space needed to prepare for future growth and create innovations that will help power the digitally-connected economy.

NCR, the Georgia Department of Economic Development, and Invest Atlanta have agreed on additional incentives that will see NCR bring over 1,800 skilled professionals to Georgia over the next five years and invest $145 million in the second tower. NCR and Cousins Properties entered into a long-term, build-to-suit lease for the second tower, which will be owned and developed by Cousins, as is the first tower on the NCR campus.

“What we are building is more than just a world headquarters campus - this is a commitment to the City of Atlanta, the State of Georgia, our employees, and customers that as the omni-channel leader we are focused on a bold, bright vision for the future,” said NCR President, CEO and Chairman Bill Nuti. “We are building a work environment that mirrors the innovative, connected experiences we create for our customers every day. Our campus will provide a world-class work environment for all of our metro Atlanta employees and become a technology landmark in one of the city’s fastest growing neighborhoods.”

“Georgia is a hotbed for leading technology companies such as NCR because of our extensive technology sector and pro-business climate,” said Georgia Governor Nathan Deal. “NCR is already making a significant impact in the state’s technology industry and the company will reap the benefits of having its headquarters in this thriving technology cluster. NCR’s growth and expansion further proves that Georgia is on the minds of high-tech job creators.”

Phase I of the project, which features a 20-story tower, is under construction and is scheduled for completion in Q1 2018. Phase II, which is in the design phase, will feature a connected, 14-story office tower and is scheduled to be ready for occupancy in Q1 2019.

“I am pleased that NCR has chosen to further expand its global headquarters campus in the City of Atlanta through another capital investment in Midtown and by bringing over 1,800 skilled professionals to our city,” said Atlanta Mayor Kasim Reed. “Atlanta continues to grow as a global technology center that offers companies access to top talent, renowned research institutions and advanced technology infrastructure. In our world-class business community, entrepreneurs and executives can find everything they need to build their dreams.”

NCR’s new state-of-the-art global headquarters campus will be built to enable optimal collaboration and teamwork; feature the technology and tools to support the changing nature of how, when and where work is done; and excite and inspire employees and customers. The campus will feature such amenities as dining options and outdoor seating, coffee bar, gym, informal spaces that spark creativity and a large lecture space.

“We are excited to expand on our relationship with NCR by developing an additional tower for their new cutting-edge corporate headquarters in Midtown,” said President and Chief Executive Officer of Cousins Properties, Larry Gellerstedt. “We are well underway with the first office tower, with delivery slated for early 2018, and we plan to begin construction on the second building by the end of the year.”

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