BNY Mellon, a corporate brand of The Bank of New York Mellon Corporation, will be moving its world headquarters to Brookfield Place from 1 Wall St. BNY Mellon has a 20-year lease with Brookfield Office Properties Inc. for 350,000 square feet at 225 Liberty St.
Mellon, a leading global investments company, previously announced its plans to sell its existing headquarters to a joint venture of Macklowe Properties for $585 million. Mellon said the decision to sell the Wall Street building gives the company the opportunity to eliminate unnecessary space, streamline operations and improve efficiency. The sale is pending but still on schedule to be completed in the third quarter, said a source familiar with deal.
