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Citigroup Said Close to Deal for Lease Extenson in NYC

Citigroup Inc. is close to an agreement to consolidate its New York operations in a Tribeca office complex majority-owned by SL Green Realty Corp., according to three people with knowledge of the talks.

The third-biggest U.S. bank had narrowed its choices down to the yet-to-be-built 2 World Trade Center or 388 and 390 Greenwich St., two buildings it sold to SL Green in 2007 and leased back, said two of the people, who asked not to be identified because the talks are private. Citigroup executives decided last week they would continue negotiating with only SL Green, the people said.