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BNY Mellon Said Reach Deal for $585 Million Office Sale

Bank of New York Mellon Corp. agreed to sell its headquarters tower at 1 Wall St. in lower Manhattan to Harry Macklowe’s Macklowe Properties for $585 million, a person with knowledge of the transaction said.

The deal for the 1 million-square-foot skyscraper is expected to be completed in the third quarter, said the person, who asked not to be named because the agreement isn’t public. At about $585 a square foot, the price is one of the highest ever per-square-foot basis for a lower Manhattan office tower.