Atlanta to Be Home to AIG’s New 180,000 Square Foot Innovation Hub by 2026

Atlanta Welcomes AIG’s New Innovation Hub

Exciting news is buzzing around Atlanta as American International Group (AIG) has officially announced plans to open a sprawling 180,000 square foot innovation hub in Brookhaven. The leasing agreement, which the company disclosed late Thursday, will see AIG set up shop at 2002 Summit Blvd., located within the impressive 390,000 square foot 18-story office tower nestled in the Perimeter Summit office park in Central Perimeter.

Consolidation and Growth

With this new hub, AIG plans to consolidate 1,000 employees and has plans in place to add an additional 600 workers over the next five years. This significant expansion allows AIG’s Atlanta presence to grow tremendously, tripling their current office space, which comprises just 42,000 square feet at One Alliance Center in Buckhead and another 7,000 square feet at Brookside I in Alpharetta.

Enhancing Capabilities:

Claude Wade, AIG’s Executive Vice President and Chief Digital Officer, expressed enthusiasm about the move, stating, “With the Atlanta innovation hub, we are enhancing our data and digital capabilities and recruiting talent with highly sought-after expertise.” This strategic shift doesn’t just signify growth for AIG, but it also indicates a positive development for the local economy as they aim to recruit specialized skills.

A Team Effort

In terms of negotiations, the deal was brokered by a talented team from JLL, led by Brooke Dewey, Adam Viente, and Alexis Vondersaar who represented the landlord, Spear Street Capital. AIG was represented by Josh Hirsh, Gregg Metcalf, and Patrick Baughman. Additionally, incentives were negotiated by John Soper of the Georgia Department of Economic Development in collaboration with several local entities including the Metro Atlanta Chamber and the University System of Georgia.

Moving in by 2026

For those curious about when AIG’s employees will be moving into this new space, the company expects to occupy the hub by 2026. This future-forward strategy is set to place AIG on the map as a technology leader within the insurance sector in Atlanta.

Other Leases and Developments

FinQuery secured a 15,000 square foot lease at 1001 Perimeter Summit, while Chicago Title Insurance Co. leased another 12,000 square feet in the same building. On the more tech-savvy side, Walk Your Plans, an interactive tech company, moved into a 6,000 square foot space at 3000 Northfield Place in Roswell.

Exciting Developments Ahead

Alongside AIG’s innovation hub, there are thrilling developments on the horizon in various sectors. For instance, Toro Development Co. is set to develop a luxurious 175-room boutique hotel as part of the Medley mixed-use project in Johns Creek, aiming to open in the third quarter of 2026. And Crescent Communities has broken ground on a 300-unit apartment building in Douglasville, which is expected to complement the new Lionsgate film and TV studio.

The Future Looks Bright!

The recent leasing activities and developments only hint at a vibrant future for Atlanta’s economy. With companies like AIG stepping up their commitments in the area, residents can expect to see both innovative technologies and new job opportunities sprouting up throughout the city in the coming years.