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July 19, 2005

By Michelle Napoli

Beating out considerable interest from pension fund advisors, publicly traded companies and private capital players, MetLife Inc. has purchased the leasehold interest in One Mellon Center, a 1.5 million-sf tower in downtown Pittsburgh. Key in the deal was Mellon Financial Corp.'s bondable net lease on the entire building, which doesn't expire for 23 years.

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