Asbury Automotive Group will relocate its headquarters from Duluth to Sandy Springs, bringing 350 jobs to Fulton County.
Sandy Springs City Council approved an economic incentive Tuesday night to waive Asbury’s building permit fees and business occupational taxes for three years. The city’s Economic Development Director Chris Burnett said the incentive’s estimated value is $254,500.
Asbury plans to purchase the former Newell Brands headquarters at 6655 Peachtree Dunwoody Road. Burnett said the company will make an estimated $15 million renovation of the 98,000-square-foot building. The relocation is anticipated in late summer 2025.
A news release said Asbury has signed the purchase agreement and is scheduled to close within 30 days on the building.
Burnett said Asbury does almost $15 billion a year nationally in annual revenue, with more than $1.6 billion in Georgia alone. The company has approximately 15,000 employees.
“We believe that, and they believe as well, that this 350 number of employees is just the beginning, and that additional jobs will be added in Sandy Springs in their headquarters building, beginning in 2025 and beyond,” Burnett said.
He called the relocation of Asbury to Sandy Springs a real win for the city, considering Newell Rubbermaid kept its headquarters in Sandy Springs, and its former headquarters is being sold to another Fortune 500 company.
Newell Rubbermaid’s relocation of its headquarters from the Peachtree Dunwoody Road office building to the Queen building was announced in June.
“We look forward to our move to the Perimeter area of Sandy Springs. This is an exciting change for the team and will afford our current and future employees many benefits, both in the building itself and conveniences in the surrounding community,” said David Hult, Asbury president & CEO, according to a news release from the city.
Asbury Automotive Group (NYSE: ABG), is a Fortune 500 company and is one of the largest automotive retailers in the United States. Asbury operated 153 new vehicle dealerships as of Sept. 30, with 202 franchises representing 31 domestic and foreign vehicle brands.
Asbury also operates Total Care Auto, Powered by Landcar, a provider of service contracts and other vehicle protection products, and 37 collision repair centers. For additional information, visit www.asburyauto.com.
