Greenwich Street
In December 2007, 388 Greenwich Street and 390 Greenwich Street were sold by Citigroup in order to reduce real estate exposure on its balance sheet. The complex was acquired by a joint venture consisting of SL Green Realty and SITQ for US$1.58 billion. Citigroup, however, maintained their primary presence in the complex through a 15-year leaseback arrangement. In 2016, the bank repurchased the complex and relocated the company's headquarters from 399 Park Avenue.