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Mercedes plans $93 million HQ in Sandy Springs | News

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Mercedes plans $93 million HQ in Sandy Springs
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ATLANTA -- German automaker Mercedes Benz plans a new US headquarters in the Sandy Springs area, according to paperwork filed with the Fulton County Development Authority. The application says the facility will host some 800 jobs.

Gov. Nathan Deal says the move was confirmed during a phone call he had with Mercedes officials at noon Tuesday. "It is a good news story on many fronts," Deal said. He said the state provided financial incentives to lure the automaker to Georgia, but said he could not disclose the details yet.

The move comes as Porsche, another prestigious German automaker, puts the finishing touches on its US headquarters near Hartsfield Jackson airport. According to the paperwork, the automaker plans to build a new $93 million headquarters building in a location still to be determined in the Sandy Springs area. It's asking the development authority for a bond issue to help finance the building.

"It just opens the door for Mercedes to – if they decide to come – to get financing to do the project," said Sandy Springs mayor Rusty Paul, who attended a brief meeting of the development authority Tuesday, where the financing was approved.

Gov. Deal said Mercedes is looking at property that already has a building on it. He says it's possible the company will retrofit the existing building for its headquarters.

Sandy Springs mayor Rusty Paul notes that other big businesses have been drawn to his suburb just north of Atlanta.

"It would be as big as UPS, Newell Rubbermaid, First Data, all of the major corporations that are there today. We've got an enormously healthy major corporate presence in Sandy Springs," Paul said.

Deal said employees from the automaker's current New Jersey headquarters would begin visiting Georgia next month to assess their new surroundings.

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