Construction will begin in August in the new $12-million facility about two blocks from its current building. There is also room for MoneyGram to expand on its new 7-acre site.
MoneyGram signed a 10-year lease with Opus for the building. RNL Design of Denver is the architect.
''When we acquired MoneyGram in 1998, I think employees feared that we would move the MoneyGram business to our headquarters in Minneapolis,'' says Phil Milne, president and CEO of Travelers Express Co. Inc., MoneyGram's parent. ''Our decision to build an improved, efficient facility tailored for the MoneyGram operations certainly demonstrates our commitment to stay in the Denver area.''
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
