Commercial Property News - July 28, 2006
Citigroup North America has inked a 15-year lease with Duke Realty Corp. to occupy 176,000 square feet in the REIT's Landings of Blue Ash development near Cincinnati. Citigroup plans to locate a new information technology center at the site.
The financial services giant will occupy all of the 176,000-square-foot Landings I, which is currently under construction, with completion slated for October. Citigroup also plans to take 18,000 square feet, or about 10 percent, of the next building in the development, Landings II, which is scheduled for completion next year. The company plans eventually to employ more than 1,000 people in Blue Ash, Ohio, a suburb northeast of Cincinnati.
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