Skip Ribbon Commands
Skip to main content

News release

FRISCO, TX

MoneyGram Opens Second North Texas Office with Signing of a Full-Floor Lease at Hall Office Park in Frisco, TX


FRISCO, TX – April 4, 2012 – Hall Financial Group, developer, owner and manager of Hall Office Park; and the Frisco Economic Development Corporation, announced today that MoneyGram International (NYSE:MGI) has signed a new 25,287-square-foot, long-term lease at the award-winning
Hall Office Park in Frisco, with an option to expand within the park to accommodate potential future growth.
 
MoneyGram’s expansion to Frisco follows the company’s 2010 relocation of its global headquarters from Minneapolis to Uptown Dallas. At Hall Office Park, MoneyGram will occupy the third floor of 3000 Internet Boulevard, a six-story, 150,000-square-foot, Class A building. The new location was
chosen to accommodate an expansion of its global headquarters in Dallas and a consolidation of certain functions. Comprised of both relocations and new-hires, roughly 140 employees will initially work from Hall Office Park in administrative, operational, professional and management positions in the areas of fraud, compliance, finance and legal.
 
MoneyGram’s presence in Frisco positively benefits the local economy in multiple ways from employment and hotel occupancy to housing and entertainment. With the Frisco Economic Development Corporation’s performance agreement and additional incentives provided by the City of Frisco and Collin County, MoneyGram will be able to earn up to $4,800 per job over a five-year period. An incentive
request is pending with the State of Texas.
 
“Having a corporate citizen the caliber of MoneyGram join the ranks of the industry leaders here is important to Frisco,” said James L. Gandy, president of the Frisco Economic Development Corporation.  “We are glad to have been able to facilitate this transaction and look forward to a long and prosperous relationship.”
 
According to Linda Burns and Dennis Donovan, site selection consultants with WDG Consulting, MoneyGram explored Colorado, Minnesota and Texas for this division with a focus on the metropolitan areas of Denver, Minneapolis and Dallas. “We then narrowed the search down to our Texas short list of
Dallas, Addison, Farmers Branch, Frisco, Irving and Plano,” said Donovan. “Hands down, this was one of the most cooperative relocation efforts we’ve experienced with each professional involved working diligently to serve the best interests of the client.”
 
The professional consultants and service providers assisting with the MoneyGram transaction included:   
  • Linda Burns and Dennis Donovan, site selection consultants with WDG Consulting, LLC;
  • James L. Gandy, president, and Nancy Windham, vice president with the Frisco Economic
    Development Corporation;
  • Jeff Staubach, managing director, and Brooke Armstrong, senior vice president, tenant
    representation brokers with Jones Lang LaSalle; and
  • Kim Vincent Butler, director of leasing, Tammy Lomonaco-Nellis, leasing associate, and Brad
    Gibson, marketing associate with Hall Office Park/Hall Financial Group.
About MoneyGram
MoneyGram International, a leading global money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide and bill payment services in the United States and Canada through a global network of more than 267,000 agent locations – including retailers, international post offices and
financial institutions – in 192 countries and territories around the world. To learn more about money transfer or bill payment at an agent location or online, please visit www.moneygram.com or follow on Facebook at www.facebook.com/moneygram.
 
About Hall Office Park
Hall Office Park is Hall Financial Group’s award-winning 162-acre development in Frisco, TX containing 2 million square feet of office space in 15 completed building. Three additional buildings are planned.  Master planned for a total of 3 million square feet, 170 companies with 6,125 employees currently call Hall Office Park home. The development is conveniently located less than 30 minutes from DFW Airport and downtown Dallas, and is seconds from world-class shopping, dining, sports, entertainment and residential options. Hall Office Park’s amenities include more than 200 important pieces of contemporary art throughout the grounds and within building lobbies. The Hall Collection includes the Texas Sculpture
Garden, recognized as the largest private collection of its kind ever assembled and made available to the public. For more information, visit www.hallofficepark.com and www.texassculpturegarden.org.
 
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate.  The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate
offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.7 billion of assets under management. For further information, please visit
www.joneslanglasalle.com.
 
About Frisco Economic Development Corporation
Established in 1991, the Frisco Economic Development Corporation (Frisco EDC) is the business development agency for the City of Frisco. Its primary mission is to improve the economic opportunities and quality of life for all residents while expanding and diversifying the city’s tax base. Since being formed, the Frisco EDC has recruited more than 200 new companies to the city resulting in 24,000 new
jobs, the addition of 24 million square feet of office space, and new capital investments in excess of $2.8 billion. For more information, visit www.FriscoEDC.com, or contact President James L. Gandy, CEcD, CCIM; JGandy@FriscoEDC.com, (972) 292.5150.