The site at the intersection of Hammond Drive and Perimeter Center Parkway will serve as the heart of the company’s Perimeter corporate campus.
State Farm recently purchased the 3.9-acre site, which houses Chequers Seafood Grill restaurant and a former Fuddruckers.
The site purchase effectively creates a new business main street for the Perimeter office market at the intersection.
“The decision by State Farm to make this investment is a landmark occasion, not just for Dunwoody but the entire Perimeter Center market,” said Michael Starling, director of economic development for Dunwoody.
“State Farm’s decision to locate one of three nationwide operations centers here is a validation of the markets accessibility to employees from throughout the region and its superior transportation infrastructure.”
The company’s purchase along Perimeter Center Parkway just south of the Dunwoody MARTA transit station, follows a recent purchase of the 10-story Hammond Exchange building and 13 acres of undeveloped land.
The deal also comes after the company announced its first lease agreement in 2012 for 64 and 66 Perimeter Center East. Since the beginning of site search and selection, the city has worked closely with company leaders to help make the new regional operations center a success.
“The addition of new class A office space and retail across from the Dunwoody MARTA Station helps to establish a walkable and transit-oriented corporate campus,” said Starling.
“We look forward to a continued partnership to build this world-class facility in a world-class office market.”
State Farm selected KDC Real Estate Development and Investments as its partner in the land development purchase and will work closely with the national real estate developer to establish and expand its footprint in the Dunwoody office market.