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Posted on: December 1, 2021

City of Marietta to Sell Franklin Gateway Property to MiRus, LLC for Site of New Headquarters

CITY HALL SPRING

December 1, 2021

CONTACT: Lindsey Wiles 

Communications Manager

lwiles@mariettaga.gov

770.794.5509

MARIETTA – The City of Marietta is pleased to announce it has entered into a contract with MiRus, LLC for the sale of property on Franklin Gateway, making the company the newest addition to the Corridor. MiRus, LLC will be joining other top brands like Atlanta United FC, The Home Depot Technology Center, and Wellstar. 

MiRus, LLC will build its new headquarters on the site of the former Marietta Flea Market located at 550 Franklin Gateway. The City purchased the 6.72-acre site with funds from the 2013 Redevelopment Bond in October 2017. 

MiRus, LLC is a state-of-the-art biotech research and development firm founded in 2016 and headquartered in Marietta. MiRus, LLC is dedicated to creating groundbreaking treatments for patients suffering from debilitating diseases. They develop innovative medical device and procedural solutions for the treatment of spine, orthopaedic and structural heart disease. The MiRus, LLC team led by Jay S. Yadav, MD, an internationally recognized interventional cardiologist and founder of a number of successful companies has pioneered new treatments for stroke and heart failure patients. MiRus, LLC has seen rapid growth in size, including in employment. In 2016, MiRus, LLC had only 10 employees, and today they have grown to 115 employees. 

The new headquarters will be a three-story facility comprising over 70,000 square feet. In addition to the many people who will be employed during the construction phase, MiRus, LLC plans to hire additional highly trained employees to join its existing workforce. With a high average salary for employees, MiRus, LLC seeks to employ a wide range of positions and specialties. MiRus, LLC stands apart as a unique biomedical corporation amongst the many healthcare companies that call Marietta home. MiRus, LCC will be an anchor on the northern end of the Franklin Gateway Corridor. 

About the Marietta Redevelopment Bond

In November 2013, the Citizens of the City of Marietta passed a $68 million Redevelopment Bond of which $64 million was allocated towards the Franklin Gateway Redevelopment initiative. Franklin Gateway bond funds have been invested to purchase multiple aging apartment complexes and a blighted retail center on Franklin Gateway leading to new private investment and the creation of thousands of jobs in the corridor.


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