Workers eliminated any remaining trace of BearStearns’s Brooklyn back office on Tuesday night, removing the disgraced company’s logo from One Metrotech Center and installing shiny new JPMorgan lettering. Two men with Bear Stearns ID badges watched the transition and shook their heads. “It is sad,” one said. “It’s a real shame.”
JPMorgan is the investment branch of the JPMorganChase, which acquired BearStearns in March when the investment firm went belly up.
What JPMorganChase will do with its newly acquired property is still unknown, a spokesman said. The bank has two other properties within the 16-acre business office complex, which stretches from Jay Street to Flatbush Avenue between Willoughby Street and Myrtle Avenue.