December 13, 2016
Citigroup Inc. bought the 588,000-square-foot 3800 Citibank Center from Zurich Alternative Asset Management. The service center in Tampa, FL houses approximately 5,600 employees.
The sales price was not disclosed, with the Hillsborough County Assessor valuing it at $58.6 million. According to public records, the seller acquired the asset in 1999 from the developer for $147 million. The campus delivered in 1998. 3800 Citibank Center contains four 130,000-square-foot office buildings, and a 138,000-square-foot amenities building.
“We are proud to call Tampa home and this decision is a reflection of our ongoing investment and support for the community where we live and work,” said Citi Head of Operations and Technology Don Callahan. “We continually look for ways to make our workspaces more engaging and effective for our employees and owning the service center will give us more opportunities to do so.”
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