Updated · The Atlanta Journal Constitution · Jun 21
Morgan Stanley Weighs Alpharetta Against Dallas for $700 Million Hub
Updated
Updated · The Atlanta Journal Constitution · Jun 21
Morgan Stanley Weighs Alpharetta Against Dallas for $700 Million Hub
3 articles · Updated · The Atlanta Journal Constitution · Jun 21
Summary
$18.5 million in Dallas incentives is tied to Morgan Stanley’s plan to lease about 700,000 square feet in a new tower under a 16-year deal, with Alpharetta identified in city documents as the main rival site.
Alpharetta already hosts more than 3,000 Morgan Stanley employees across 13 business divisions, making the Atlanta suburb a credible contender for the regional headquarters expansion.
Dallas City Council is set to consider the incentive package Wednesday, a step that would clear the way for the office deal if Morgan Stanley chooses Texas.
The search has narrowed to metro Atlanta and Dallas as Morgan Stanley looks to expand its U.S. operational footprint, though the bank and broker JLL declined to comment.