A Financial Services Lease! Bank of New York Mellon Signs Big Renewal Downtown

Bank of New York Mellon has signed a 72,000-square-foot, five-year renewal at Beacon Capital’s 32 Old Slip (a.k.a. One Financial Square) downtown, according to a source. It’s a deal that comes as the frequency of financial services leases has slowed markedly in the fiscal climate of late, with some banks giving up space.

Peter Riguardi and Larry Tannenbaum of Jones Lang LaSalle represented Bank of New York on the deal, while CB Richard Ellis’ Bob Alexander, David Maurer-Hollender, and Bruce Surry represented the owner.

Representatives from Jones Lang and CB Richard Ellis declined to comment on the deal.