NEW YORK CITY-File this under large-scale leasing deals that never happened. Having explored its options for selling its 1 Wall St. headquarters and taking about 450,000 square feet of office space elsewhere, Bank of New York Mellon has called off its search.
“We are no longer exploring relocating our corporate headquarters in New York,” a BNY Mellon spokesman tells GlobeSt.com, confirming an earlier report in Crain's New York Business. The bank’s search, contingent upon its finding a deal that met its long-term needs and budget, failed to produce those results, the spokesman says.
The New York Post reported in July that BNY Mellon was considering selling the 1.2-million-square-foot Wall Street tower and 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.
