Hammond Exchange building in Dunwoody
(DUNWOODY, Ga) -- The Atlanta Business Chronicle reports that State Farm Insurance is looking to rent 200,000 square feet of space in Dunwoody. The newspaper, said the company could hire as many as 800 new workers.
"I think it's huge," said ABC staff writer Urvaksh Karkaria, who broke the story. "I mean these are all primarily white collar jobs. Even though they may not be one hundred thousand dollars plus, they're relatively stable, knowledge-based jobs."
The nation's largest property and casualty insurance compan y is in the market for additional space in Atlanta. State Farm refused to say anything more except to confirm that.
Karkaria said the company is zeroing in on the Hammond Exchange building in Dunwoody in the Central Perimeter business district.
Last June the company announced it would open a 425,000 square foot customer service center near Perimeter Mall. The company said it would hire 500 workers with the potential of housing up to 2,000 workers.
"State Farm is seeing a growth in new business which is probably driving all these expansions," Karkaria said. "As the economy improves people are buying more cars, they're buying more houses and they need to insure those assets."
"It's not just jobs," he said. "It's taking up a lot of vacant office space that sort of had been vacated during the great recession."