DALLAS-MoneyGram International Inc. will relocate its corporate headquarters from St. Louis Park, MN to this North Texas city. The global payments company has signed a 10-year lease for 45,842 square feet of class A office space at 2828 N. Harwood, a 20-story office building near Uptown.
The move is part of the company’s previously announced global initiative to reduce costs, streamline its global operations and position the company for long-term success, according to a statement from MoneyGram. The company has a new management team in place including Pamela Patsley, chairman and CEO. She, along with other management executives, is based in Dallas.
The relocation will be completed by the end of the year and will initially involve about 75 positions. By mid-2012, about 150 MoneyGram positions will be located in Dallas. The St. Louis Park location will continue to serve as a center of technology and operations for the company.
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