UPS closes Sandy Springs office building, relocates 500 employees
UPS closed its office building at 35 Glenlake Parkway in Sandy Springs and relocated approximately 500 employees to its headquarters next door and an Alpharetta location.
In its earnings call in April, UPS reported it was executing the largest network reconfiguration in UPS history, including closing buildings.
UPS consolidated its corporate campus by closing 35 Glenlake Parkway NE in Sandy Springs. Employees were reassigned to either the 55 Glenlake Parkway NE headquarters in Sandy Springs or to a UPS building in Alpharetta located at 12380 Morris Road, a statement from UPS said.
“There were no jobs lost as a result of this move. Employees involved perform a wide range of functions, including jobs in technology, finance, security, UPS Capital, and other areas,” the UPS statement said.
A news release following the UPS earnings call in April said that UPS plans to reduce its workforce by approximately 20,000 people in 2025. The release also said UPS planned to close 73 leased and owned buildings by the end of June.
The company anticipates $3.5 billion in total cost savings from its reconfiguration and efficiency plan in 2025.
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“It is our intention to sell the property and equipment associated with closed facilities; however, as of the date hereof, we have not yet formalized plans of sale,” the UPS news release said.
Sandy Springs Economic Development Director Chris Burnett said the plans to close 35 Glenlake Parkway were announced approximately 60 days ago. He has been in contact with parties interested in redevelopment for the property.
Burnett said the 133,497-square-foot office building, built in 1983, is starting to get some age on it and some obsolescence.
“So where the majority of the interest lies right now is in redeveloping the site, and I can’t disclose who, because we’re under confidentiality agreements. But we’ve had interested parties that believe that the site could be repurposed into a nice mixed-use development.”
He pointed to the Somerby senior living facility adjacent to 35 Glenlake Parkway, which is fairly new. Burnett wasn’t sure if an expansion of that type of facility or a combination of multi-family and townhomes would be proposed.
“Because of its location off the main artery, retail is less likely because the traffic counts there just aren’t that heavy, because it is a side road. So it’s probably not going to get heavy retail traffic,” Burnett said.” So I think it’s probably more likely to become a residential development, surprisingly, although the interstate is right there.”
Burnett described a similar redevelopment on Embassy Row, an office park at 6600 Peachtree Dunwoody Road. Originally, it was five buildings. The owners are taking down three of the buildings to redevelop with mixed-use and multi-family.
High-quality office buildings have been more desirable in Sandy Springs, such as the King and Queen buildings. Newell Rubbermaid leased 180,000 square feet in that building. Another building, 7000 Central Park, recently announced that StubHub was leasing 56,000 square feet.
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