NCR Announces Key Milestones, Progress on World Headquarters Campus in Midtown
Staff Report From Metro Atlanta CEO
Thursday, July 16th, 2015
NCR Corporation, the global leader in consumer transaction technologies, announced today important milestones as the company makes progress and remains on schedule with establishing a new world headquarters campus in Midtown Atlanta, expected to open in late 2017 or early 2018.
NCR, Invest Atlanta and Cousins Properties have now closed on the incentive agreements, and Cousins on the acquisition of the land at Centergy North at Technology Square on Spring Street. Additionally, NCR and Cousins entered into a long-term, build-to-suit lease for the new campus facility at the site in Midtown that will be owned and developed by Cousins.
“I have stated very publicly that NCR’s bold, ambitious move to establish a state-of-the-art world headquarters campus in Midtown is a critical first step in a larger goal to create a ‘Silicon Valley of the East’ right here in Atlanta,” said NCR Chairman and CEO Bill Nuti. “We are currently, and will continue, advocating for other tech leaders and innovative companies to follow our lead. NCR is committed to the City of Atlanta, State of Georgia, and the University System of Georgia. NCR will be a top employer and part of the fabric of this community for a very long time.”
“Never has it been more apparent that the next generation of talent can be found here in Atlanta,” said Mayor Kasim Reed. “NCR has recognized the quality of the workforce here, and has made an investment which will pay dividends for decades. We look forward to building the future of technology with NCR.”
“We are excited about the opportunity to develop NCR’s new global headquarters in Atlanta. This 485,000 square foot state-of-the art trophy tower will be an iconic addition to the Midtown skyline,” said Larry Gellerstedt, President and Chief Executive Officer of Cousins Properties. “NCR’s commitment to locating their world headquarters in Midtown further validates the strength of Atlanta’s technology corridor. We are proud to have them as a customer and look forward to a strong relationship for years to come.”
“As we continue to see progress on this project, I am reminded of all that we have to look forward to as NCR gets one step closer to opening its doors in our City,” said Craig Richard, President and CEO of Invest Atlanta. “This company's relocation will not only have an impact on the economic landscape, but will also generate even more positive change for so many that already call Atlanta home.”
NCR’s world headquarters campus will be a truly inspiring working environment that clearly reflects who the company is today, the leader in consumer transaction technologies. It will provide a strong foundation for advancing the company’s mission of leading how the world connects, interacts and transacts with business.
As previously announced, the new Midtown campus will provide NCR with a state-of-the-art presence close to Atlanta’s rich innovation centers and leading academic institutions. NCR also plans to maintain a second campus in the northern suburbs with similar state-of-the-art technology and amenities as the Midtown campus. A location for the campus in the northern suburbs is expected to be finalized this summer and will open on a timeframe similar to that of the Midtown campus.
Under the leadership of Bill Nuti, NCR has been reinvented into a hardware-enabled, software-driven business. In the United States alone, NCR’s consumer transaction technologies enable more than $10 billion in transactions every day across financial services, retail, hospitality, travel and small business.