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Standish Mellon to Lease 80,000 SF; Deal Reflects Trend

BOSTON-Standish Mellon Asset Management commits to 80,000 sf here at One Boston Place. The company is vacating 100,000 sf at One Financial Center and the deal is indicative of a growing trend towards consolidation in the marketplace here, an industry expert tells GlobeSt.com.

By Naomi Grossman | Updated on February 14, 2002

BOSTON-As part of a growing trend towards consolidation in the market here, Standish Mellon Asset Management will be leasing 80,000 sf at One Boston Place, vacating its 100,000 sf at One Financial Center.

An industry source tells GlobeSt.com that while the transaction has not yet been completed, the “commitment is there.” Although the source could not confirm the size, local published reports indicate that the company’s new space will be 80,000 sf. The source adds that the new space will definitely be less than the space Standish Mellon is leaving and he notes that Standish Mellon will be putting that space on the market shortly.

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