Mellon bank calls off real estate search

The Bank of New York Mellon has called off its search for a new, 450,000-square-foot office, according to Crain’s. The bank, headquartered at One Wall Street, had engaged in a high-profile real estate hunt, consulting with World Trade Center developer Larry Silverstein and tapping Jones Lang LaSalle for its search. A spokesperson for the bank said that none of the properties it considered worked for Mellon in the long term and that the bank is “no longer exploring relocating our corporate headquarters in New York.” [Crain’s]

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