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Visa To Take 123K SF At Former Norfolk Southern HQ

The current home to Norfolk Southern's operations at 1200 Peachtree St. in Midtown

A financial giant is expanding its presence in Midtown Atlanta at Norfolk Southern's former headquarters.

Visa is planning to open a 123K SF office at 1200 Peachtree St., Gov. Brian Kemp's office announced Wednesday morning. Visa plans to create 1,000 jobs in the region over the next several years in the 370K SF building Cousins Properties purchased from the railway giant in 2019.

“Georgia is a growing hub for the fintech industry thanks in part to our strategic investment in workforce development initiatives,” Kemp said in a statement. “It’s always great to see a world-renowned company like Visa capitalize on the exceptional pool of diverse talent in Georgia and choose to invest in our state.”

Cousins purchased 1200 Peachtree St. for $82M after securing a deal with the railroad giant to build it a new headquarters tower off West Peachtree Street in Tech Square.

Visa is the latest firm to join the growing fintech sector in Metro Atlanta, alongside companies like Global Payments, NCR Corp., Equifax and Fiserv. The fintech industry in Georgia processes more than 70% of all global payments and $2 trillion a year in transactions, supporting nearly 4 million merchants, according to the Georgia Department of Economic Development.

The deal gives Visa an expanded presence in the region, Visa Chief Diversity Officer Michelle Gethers-Clark said in a statement. Visa's new Midtown office will be home to a “wide range” of functions, but with a concentration on technology and client-service teams, according to the release.

“Atlanta brings together a wealth of expertise and talent with entrepreneurial spirit and a deep sense of community culture,” Gethers-Clark said.