CARL CRONAN of GlobeSt.com
Thursday, October 15, 2009
AutoTrader.com, the online classified powerhouse, plans to move to 3003 Perimeter Summit and combine five local offices with 1,200 employees into the building, according to the Atlanta Business Chronicle. The lease would be the city’s largest office deal in two years upon completion.
AutoTrader, a division of locally based Cox Enterprises Inc., has been one of the city’s fastest-growing companies since it was founded in 1997. The firm signed a letter of intent for between 350,000 and 400,000 square feet at 3003 Perimeter Center, essentially taking the entire 30-story office tower owned by GE Asset Management.
“The company has grown so dramatically that finding one space for all of us was a top priority,” says AutoTrader spokesman Mark Scott. “We always needed two more floors here, and another floor there.”
Several tenants are moving out of 3003 Perimeter Summit to accommodate AutoTrader’s space demands.