Alfa engaged in negotiations to relocate corporate headquarters

Alfa Insurance has engaged in negotiations to purchase an existing commercial complex to house the home offices of Alfa and the Alabama Farmers Federation. The proposed purchase would keep Alfa’s corporate headquarters in Montgomery at Capitol Commerce Center off I-85 at Exit 11.

“Technology and workforce changes have left about half our current space underutilized,” said Alfa and Federation President Jimmy Parnell. “As we considered possible locations for the home office, our priority was to provide an environment that supports innovation, collaboration and flexibility while displacing the fewest employees possible.”

Alfa went through an extensive evaluation of site options before deciding to focus on this potential building acquisition as the first option for its new campus. Parnell said the strategic relocation underscores Alfa’s commitment to attracting top talent, promoting employee engagement and ensuring team members have the tools and spaces to serve customers. The move recognizes the changing needs of an evolving workforce and aligns with Alfa’s long-term vision for growth they said.

Parnell thanked the Montgomery County Commission and Chairman Doug Singleton; Montgomery City Council and Mayor Steven Reed; and the Montgomery Area Chamber of Commerce for their cooperation in seeking to keep Alfa’s corporate headquarters in the Capital City.

“Alfa is proud to be an Alabama-based company with a rich history in Montgomery,” Parnell said. “Our goal is to continue investing in Montgomery by creating jobs and developing civic leaders who give back to the community. We appreciate the County Commission, City Council and Chamber of Commerce for recognizing the value Alfa brings to the River Region.”

During the next few weeks, Alfa says they will conduct due diligence with the goal of closing on the property by summer. Provided the purchase is finalized, the company anticipates a phased move-in following renovations.

Founded in 1946, Alfa, then Alabama Farm Bureau, occupied offices in three different  downtown Montgomery locations before moving to the East South Boulevard in 1958. The original 40,000-square-foot building was expanded four times, in 1968, 1972, 1986 and 1993. A state-of-the-art data center was added in 2006, bringing the total footprint to almost 500,000 square feet. Alfa says they plan to continue maintaining its current campus while seeking a buyer. 

“While our location may be changing, Alfa’s Core 4 Values are not,” Parnell said. “Faith, Family, Community and Integrity are guiding the process as we seek a new home for our corporate headquarters.”