Citi Opts to be an Owner Rather than a Renter in Florida
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After considering other locations in the Tampa market for expansion, Citigroup decided to buy its 92-acre Citibank Center complex from an affiliate of Zurich Alternative Asset Management (ZAAM), gaining back control over the property it sold 17 years ago. The bank houses approximately 5,600 employees in the six-building, 662,600-square-foot complex supporting client services, finance and human resources as well as legal and risk management services…
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