Citigroup to Leave 399 Park Headquarters, Landlord Says
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Citigroup Inc. is planning to leave its 399 Park Ave. headquarters space when its lease expires in 2017, said Doug Linde, president of Boston Properties Inc., the skyscraper’s owner.
There is “no question” that the bank is going to be relocating out of the property, Linde said today on Boston Properties’ earnings conference call. Citigroup has about 500,000 square feet (46,500 square meters) at the tower, including 350,000 of office space that the Boston-based landlord expects to get back sometime in 2017, he said. The lease also includes retail and concourse space.