AIG Eyeing Abernathy 400 Development

Could AIG's moniker soon be towering over Georgia 400? It may be too early to say for sure, but sources tell us that the financial giant is considering anchoring Abernathy 400, a planned office mixed-use project by Ackerman & Co at the linchpin corner of Abernathy Road and GA 400. AIG, which has long been in the market with plans to potentially consolidate five area offices into a 300k SF requirement, could take more than half of the 570k SF office project that's being developed in a JV with Cousins Properties.

Officials with Ackerman, Cousins and AIG did not return calls. But Newmark Grubb Knight Frank's Patrick Duffy—tapped to rep AIG in Atlanta—says any talk of the firm's office decisions is premature. “No one's made a decision one way or another,” Patrick says, adding that AIG has issued several RFPs to area landlords and developers. Abernathy 400 was a close contender for Mercedes-Benz's US HQ at one point, but lost out to the Glenridge Hall land.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Emory Takes Over Proton Center For $82M: The Atlanta Deal Sheet

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters