NEW YORK CITY-Citigroup Inc. is reportedly close to finalizing a deal to consolidate its banking operations to an office complex in Tribeca.
The banker has whittled down its possible choices to the yet-to-be-built 2 World Trade Center or the 388 and 390 Greenwich St. buildings. Citigroup sold the Greenwich St. buildings to SL Green Realty Corp. in 2007 in a sale/leaseback transaction, according to Bloomberg News.
Part of the consolidation deal could involve Citigroup possibly vacating 111 Wall St. Citigroup could also relocate some workers to the Tribeca complex from 399 Park Ave., its headquarters building, and 601 Lexington Ave. See story at Bloomberg News.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.