NEW YORK CITY-File this under large-scale leasing deals thatnever happened. Having explored its options for selling its 1 WallSt. headquarters and taking about 450,000 square feet of officespace elsewhere, Bank of New York Mellon has called off itssearch.
“We are no longer exploring relocating our corporateheadquarters in New York,” a BNY Mellon spokesman tellsGlobeSt.com, confirming an earlier report in Crain's New YorkBusiness. The bank’s search, contingent upon its finding adeal that met its long-term needs and budget, failed to producethose results, the spokesman says.
The New York Post reported in July that BNY Mellon wasconsidering selling the 1.2-million-square-foot Wall Street towerand had expressed interest in taking space at 1 World Trade Center.Click here for the Crain’s article.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
