A Plano, Texas-based property preservation and inspection company is moving its headquarters to the neighboring city of Lewisville.

Mortgage Contracting Services, a provider of property preservation, inspections, REO property maintenance and valuations to the financial services industry, announced Monday that it leased a 120,000-square-foot office building at 350 Highland Drive in Lewisville. 

Nationstar Mortgage formerly occupied the building, and MCS is expected to move in this summer.

MCS’ new building will be able to accommodate up to 720 employees. The company's new facility is 50,000 square feet larger than the company’s Plano headquarters, which is home to the company's roughly 450 current employees.

“This move allows MCS to continue to grow and serve our clients,” says MCS CEO Caroline Reaves.

“The proximity to major highways and DFW Airport will promote our ability to service clients nationwide and enhance our mission to protect and preserve communities across the country," added Reaves. 

MCS was represented in the move by David Wetherington, executive vice president at Colliers International in Dallas.