Citigroup's new New Jersey home is the Warren Corporate Center,an 800,000-sf asset located at 283 King George Rd. in this SomersetCounty community. The sprawling building is owned by theParsippany, NJ-based SJP Properties, headed by Steven J. Pozycki,and Prudential's Prisa fund, which jointly acquired it from Lucentin the fall of 2001 for an estimated $165 million.

By the numbers, those 1,600 jobs moving from Manhattan come fromCitigroup Global Markets, the company's research arm, and CitigroupTechnology, which services the company's technology requirements.The location will also be staffed by more than 700 employeesalready working at various locations in the Garden State. AndCitigroup is projecting the hiring of up to 650 new people over thenext two years.

Stamford, CT also beckoned for the jobs, but Citigroup opted forthe New Jersey location because the State of New Jersey came acrosswith more money. A Citigroup spokesman declined to comment, butstate officials say the company will get an estimated $57 millionover the next 10 years through the Business Employment IncentiveProgram.