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Mellon Plans $70M Expansion of Data Center

PITTSBURGH-Ground will break in 2008 to add 85,000 sf to the 73,000-sf operations center and 44,000-sf office the financial firm completed in 2006.

By Marita Thomas | Updated on June 28, 2007

PITTSBURGH-Mellon Financial Corp. will invest $70 million to expand its data center at Northpointe Industrial Park. The news comes just days before the financial firm’s proposed merger with Bank of New York is expected to close, creating the Bank of New York Mellon Corp. The merger will shift the locally based company’s headquarters to Manhattan.

The data center expansion is expected to add up to 200 jobs in the Pittsburgh area. A Mellon spokesman tells GlobeSt.com, “the new operations center will add at least 85,000 sf to the existing center.” Completion is expected to take approximately 36 months, beginning with a planning phase already under way. Construction is scheduled to begin in 2008, with the opening a year later.

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