Merrill Lynch Inches Close to New HQ

NEW YORK CITY-Merrill Lynch, a wealth management, capital markets and advisory company, with offices in 38 countries and territories and total client assets of approximately $1.7 trillion, may be relocating its headquarters to Midtown Manhattan. Merrill Lynch did not respond to GlobeSt.com queries by deadline.

The investment bank, currently headquartered in the World Financial Center is rumored to have exchanged documents detailing a potential deal with Vornado Realty Trust to be the anchor tenant at a new office tower located just across the street from Madison Square Garden. A spokesperson for Vornado tells GlobeSt.com that although they have seen the published reports detailing the potential move, “Vornado’s policy is not to comment at this time.” They note that they can neither confirm nor deny reports.