Bloomberg News

BofA Weighing Sale of All Properties Except Its Two Main Offices

February 14, 2012

Feb. 3 (Bloomberg) -- Bank of America Corp., the second- largest U.S. lender by assets, is exploring whether to sell offices outside of its headquarters in North Carolina and New York as it seeks to cut costs.

“We are currently reviewing all of our properties across our portfolio, with the exception of Bank of America Corporate Center in Charlotte and Bank of America Tower at One Bryant Park” in New York, said Kelli Raulerson, a company spokeswoman.

The lender is reviewing whether to sell its building at 100 Federal St. in Boston, the Boston Globe reported earlier today.

To contact the reporter on this story: Hugh Son in New York at hson1@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net


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