UPS closes Sandy Springs office building, relocates 500 employees

Several of the approximately workers affected by the closure of the Glenlake Parkway office building relocated to the corporate headquarters next door Provided by UPS UPS closed its office building at Glenlake Parkway in Sandy Springs and relocated approximately employees to its headquarters next door and an Alpharetta location In its earnings call in April UPS announced it was executing the largest organization reconfiguration in UPS history including closing buildings UPS consolidated its corporate campus by closing Glenlake Parkway NE in Sandy Springs Employees were reassigned to either the Glenlake Parkway NE headquarters in Sandy Springs or to a UPS building in Alpharetta located at Morris Road a report from UPS reported There were no jobs lost as a end of this move Employees involved perform a wide range of functions including jobs in innovation finance shield UPS Capital and other areas the UPS message stated A news release following the UPS earnings call in April explained that UPS plans to reduce its workforce by approximately people in The release also announced UPS planned to close leased and owned buildings by the end of June The company anticipates billion in total cost savings from its reconfiguration and efficiency plan in Related stories Asbury Automotive moving headquarters to Sandy Springs Sandy Springs offers incentives to retain Newell Brands headquarters It is our intention to sell the property and equipment associated with closed facilities however as of the date hereof we have not yet formalized plans of sale the UPS news release declared Sandy Springs Economic Advance Director Chris Burnett reported the plans to close Glenlake Parkway were publicized approximately days ago He has been in contact with parties interested in redevelopment for the property Burnett declared the -square-foot office building built in is starting to get selected age on it and a few obsolescence So where the majority of the interest lies right now is in redeveloping the site and I can t disclose who because we re under confidentiality agreements But we ve had interested parties that believe that the site could be repurposed into a nice mixed-use evolution He pointed to the Somerby senior living facility adjacent to Glenlake Parkway which is fairly new Burnett wasn t sure if an expansion of that type of facility or a combination of multi-family and townhomes would be proposed Because of its location off the main artery retail is less likely because the traffic counts there just aren t that heavy because it is a side road So it s possibly not going to get heavy retail traffic Burnett announced So I think it s presumably more likely to become a residential improvement surprisingly although the interstate is right there Burnett described a similar redevelopment on Embassy Row an office park at Peachtree Dunwoody Road Originally it was five buildings The owners are taking down three of the buildings to redevelop with mixed-use and multi-family High-quality office buildings have been more desirable in Sandy Springs such as the King and Queen buildings Newell Rubbermaid leased square feet in that building Another building Central Park in recent weeks informed that StubHub was leasing square feet The post UPS closes Sandy Springs office building relocates employees appeared first on Rough Draft Atlanta