Morgan Stanley Picks Dallas Over Alpharetta for $684 Million Regional Hub With 3,800 Jobs
Morgan Stanley selected Dallas over Alpharetta for a $684 million regional hub, the Atlanta Journal-Constitution reports. Texas Gov. Greg Abbott announced the project Monday; it calls for about 700,000 square feet of leased space and 3,800 employees by the end of 2035, with an average annual wage of $128,000. The firm already has more than 3,000 employees in Alpharetta.
Why It Matters for Atlanta Professionals
Metro Atlanta lost a head-to-head contest for thousands of high-wage finance jobs, a signal for professionals, recruiters and commercial real estate players in the Georgia 400 corridor about where large employers are adding headcount.
Source
First reported by Office of the Texas Governor (announcement); Atlanta Journal-Constitution (Georgia angle): Atlanta Journal-Constitution
Cover photo: Ajay Suresh / Wikimedia Commons, CC BY 2.0
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