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NEW YORK CITY-Merrill Lynch, a wealth management, capital markets and advisory company, with offices in 38 countries and territories and total client assets of approximately $1.7 trillion, may be relocating its headquarters to Midtown Manhattan. Merrill Lynch did not respond to GlobeSt.com queries by deadline.

The investment bank, currently headquartered in the World Financial Center is rumored to have exchanged documents detailing a potential deal with Vornado Realty Trust to be the anchor tenant at a new office tower located just across the street from Madison Square Garden. A spokesperson for Vornado tells GlobeSt.com that although they have seen the published reports detailing the potential move, “Vornado’s policy is not to comment at this time.” They note that they can neither confirm nor deny reports.

Published reports noted that the new office tower in discussion for the potential move is McKim, Mead & White designed Hotel Pennsylvania. Vornado announced in January that it plans to demolish the hotel in 2011 and would replace the building with a 2.5-million-sf office tower.

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