By Maria Saporta
Atlanta Life Financial Group is moving to the One Ninety One Peachtree tower.
The 107-year-old financial services company — with deep roots on Auburn Avenue and the African-American community — has signed a 33,137 square-foot lease and will relocate its Atlanta headquarters to the 25th and 26th floors of the iconic downtown high rise.
Atlanta Life, which will move to its new offices in November, currently employs about 100 people across its three lines of business.
“ALFG’s board, management team and employees are all very excited about the company’s return to Peachtree Street and relocating our headquarters to One Ninety One Peachtree tower,” said William J. Taggart, president and CEO of Atlanta Life.
Alonzo Herndon, founder of Atlanta Life, started his first successful business enterprise at 66 Peachtree St. more than a century ago.
Atlanta Life decided earlier this year to sell its five-story headquarters at the corner of Courtland Street and Auburn Avenue to Georgia State University, which will turn it into the new home of its Honors College.
The move, however, means that Atlanta Life will no longer have a stand-alone building. Atlanta Life as been located on Auburn Avenue since 1920, where it was based in a neo-classical building that still stands, but is vacant and boarded up. It moved to the newer five-story building more than three decades ago.
“We have greatly enjoyed our 32 years at our current headquarters and cherish the great memories and history of Auburn Avenue,” Taggart said. “After assessing various options, the opportunity to move to One Ninety One Peachtree was simply too good to pass up. Cousins is a world-class organization and One Ninety One Peachtree is one of the finest buildings in Atlanta and the Southeast.”
In 2006, Cousins bought the One Ninety One Peachtree tower — a 50-story, 1.2 million-square-foot tower of Class A office space, retail, and restaurant space.
At the time, the building had lost several of its key tenants leaving it largely vacant. Cousins then decided to move its own offices to the building from Cobb County. With the Atlanta Life lease, the building will be 86 percent occupied.
“Atlanta Life is an exceptional firm with an incredible history in Atlanta,” said Larry Gellerstedt, Cousins’ CEO. “We’re thrilled to have them join us at One Ninety One Peachtree, and we look forward to a long and successful relationship.”