Deals
Citigroup to Acquire Manhattan Office Complex for $2 Billion
- Bank exercised option to buy Tribeca campus, landlord says
- SL Green says transaction scheduled to close in December 2017
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Citigroup Inc. will pay $2 billion for an office complex in Manhattan’s Tribeca neighborhood that’s home to its trading and investment-banking operations, having exercised an option that was part of an earlier agreement with landlord SL Green Realty Corp.
The New York-based bank is scheduled to complete the purchase of 388-390 Greenwich St. in December 2017, SL Green said in its fourth-quarter earnings statement Wednesday. SL Green is the city’s largest office landlord.