NEWS BRIEF: Cash App taking over former Masquerade site
Old mill; new money
The building on North Avenue that once housed the mighty Masquerade music venue will soon become the Atlanta offices of mobile money transfer service Cash App. News reports say the payments processing firm, established in 2013, has leased all 30,000 available square feet at what is now called The Mill, recently transformed by Coro Realty, and is likely to hire more than 100 employees.
This is Cash App’s first expansion to a market in the South, after leasing another 35,000 square feet in Philadelphia in March. The company, led by Twitter co-founder Jack Dorsey, generated $2 billion in gross profit last year, according to a fourth quarter filing with the U.S. Securities and Exchange Commission. Atlanta is also host to companies in the same vein such as Global Payments and First Data Corp. dailypostla.com