Consumer credit reporting agency and data analytics company Equifax has signed a multi-year lease to expand its offices into 100,000 square-feet of space at One Atlantic Center in Midtown. The expansion is expected to generate over $75.8 million of economic impact as a result of Equifax’s $17 million investment in the project, as well as nearly 700 new jobs.
Built in 1987 between the intersection of 14th and West Peachtree Streets, the new office space in the 50-story skyscraper will serve as an extension of Equifax’s operations and join the company’s other two current metro Atlanta locations. Construction is expected to begin in September and the company plans to begin occupying the space in two phases, with the first occurring in February 2017 and the final phase occurring in July 2017.
“After considering several locations, we decided it was in the best interest of the company, our Atlanta-based employees, and the community to expand in Atlanta and further strengthen our roots that date back 117 years, and position for a great future that includes a growth trajectory of 600-700 jobs over the next several years,” said Andy Bodea, Chief Global Operations Officer for Equifax, in a statement to the media. “We naturally gravitated to midtown with its terrific access to a prominent engineering school and a growing reputation for innovation and technology hubs that are a magnet for great talent.”