Sandy Springs Gains Asbury Automotive Group’s HQ

City of Sandy Springs Gains Asbury Automotive Group's Headquarters

November 5, 2024

The City of Sandy Springs is excited to announce that Asbury Automotive Group, one of the largest franchised automotive groups in the U.S., will be relocating its headquarters to Sandy Springs next year. Asbury has signed the purchase agreement and is scheduled to close within 30 days on the former Newell Brands, Inc. headquarters at 6655 Peachtree Dunwoody Rd., where it plans to renovate the 98,000 sq. ft. facility in preparation for its move, anticipated in late Summer 2025.

"We are very excited to welcome the Asbury Automotive Group to Sandy Springs," said Mayor Rusty Paul. "Asbury will bring 350 new jobs to our City, adding high-quality employment opportunities and significant economic impact to our community."

To support this relocation, the Sandy Springs City Council approved the request from Asbury Automotive Group for an Economic Incentive that includes waiving the building permit fees and business occupational taxes for three years. The estimated value of the waived fees that Asbury qualified for under the City's Economic Development Incentive Policy totals $254,500.

"We look forward to our move to the Perimeter area of Sandy Springs. This is an exciting change for the team and will afford our current and future employees many benefits, both in the building itself and conveniences in the surrounding community," said David Hult, Asbury President & CEO. "Sandy Springs provides direct access to the heart of Atlanta, world-class restaurants and entertainment, and the World's Busiest Airport, Hartsfield-Jackson. We are proud to call it our corporate home."

Ideally situated in Atlanta's Central Perimeter, Sandy Springs is home to many Fortune 200, 500 and 1000 companies. Among the largest corporate employers are United Parcel Service (UPS), Smurfit WestRock, Veritiv Corp., Newell Brands Inc., Intercontinental Exchange/NYSE, ServiceMaster, Graphic Packaging, Cox Communications, Inspire Brands, Focus Brands, and Mercedes Benz USA.

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About Asbury Automotive Group, Inc.

Asbury Automotive Group, Inc. (NYSE: ABG), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. In late 2020, Asbury embarked on a multi-year plan to increase revenue and profitability strategically through organic operations, acquisitive growth and innovative technologies, with its guest-centric approach as Asbury's constant North Star. As of September 30, 2024, Asbury operated 153 new vehicle dealerships, consisting of 202 franchises, representing 31 domestic and foreign brands of vehicles. Asbury also operates Total Care Auto, Powered by Landcar, a leading provider of service contracts and other vehicle protection products, and 37 collision repair centers. Asbury offers an extensive range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, and prepaid maintenance. Asbury ranks 18th in the 2023 Forbes list of America's Best Mid-Sized Companies. Asbury is recognized as one of America's Fastest Growing Companies 2024 by the Financial Times, America's Greatest Workplaces 2023 by Newsweek, as well as one of the Best Companies to Work For in the Retailers industry by U.S. News & World Report.

For additional information, visit www.asburyauto.com.