Bank of New York Mellon (BNY Mellon) has shortlisted office locations in New York and New Jersey in order to relocate following the sale of its Wall Street headquarters.
The two shortlisted locations include a 2.7 million f2 tower located at 225 Liberty St., Brookfield Place complex in Manhattan and a 410,000ft2 waterfront building at 70 Hudson St. in Jersey City, reported Bloomberg citing people familiar with the developments.
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The governments of New York and New Jersey are luring the financial services giant by offering benefit packages and consolations, a familiar person told the news agency.
BNY Mellon, meanwhile, has to move his staff of 850 employees from 400,000ft2 Wall Street headquarters, as the company hired brokers to facilitate the sale of the building. The sale is expected to fetch the firm nearly $600m.
BNY Mellon spokesman Kevin Heine told the news agency that the company is keen to offload the Wall St. property, alongside evaluating lease offers in New York and New Jersey.
"That process continues and no decisions have been made," the spokesperson added.
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