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MasterCard decides to stay in Manhattan.

After an extensive study of relocation options, MasterCard announced that it has decided to seek a prime location in Manhattan as the future site of its global headquarters. Active discussions have been initiated regarding several midtown sites. The planned move-in-date from the company's current location at 888 7th Avenue is year-end 1995, when the company current lease expires.

Alex W. 'Pete' Hart, president and CEO, Mastercard International, cited the company's need for a worldclass location and need to keep employee attrition at a minimum.

MasterCard's headquarters have been located in New York since 1966 when it began business as Interbank Card Association. The company moved to its present location in 1978. MasterCard currently has 450 employees in its New York office. Over the pat 12 years, the MasterCard workforce has frown from 120 to 1300 worldwide.

In the United States, MasterCard also has offices in Lake Success, New York, St. Louis, Missouri, Atlanta, Georgia, Chicago, Illinois, San Francisco,California, and Miami, Florida. Overseas locations include Paris, Toronto, Singa pore, Tokyo, Seoul, Hong Kong, Nev Delhi, Sydney, Taipei, and Beijing.
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Title Annotation:New York, New York location sought for global headquarters
Publication:Real Estate Weekly
Date:Feb 10, 1993
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