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Citibank sees Stamford as ideal home for global wealth division.


Citibank, N.A. has leased 30,590 s/f at 200 First Stamford Place for the headquarters of its Citigroup Global Wealth division, announceds Jeffrey H. Newman, executive vice president of W&M Properties, the marketing and management agent for the building.

The tenant, a worldwide leader in wealth management, will occupy the second floor space in August for a term of ten years.

"The selection of First Stamford Place by a global business leader such as Citibank underscores the stellar reputation of this trophy property as the location of choice for prestigious companies," said Newman. "These tenants appreciate the building's proximity and easy access to interstate highways and mass transportation, hands-on management services, and wide array of on-site amenities, foster increased employee productivity and serve as meaningful employee recruitment and retention tools for their businesses.

"We're delighted that Citibank has joined our roster of such other blue-chip tenants as Legg Mason Founded in 1899, Legg Mason, Inc. (NYSE: LM) is a leading Global Asset Management Firm that serves the institutional, mutual fund and wealth management markets. The firm is headquartered in Baltimore, Maryland, and is located on Lombard and Charles Streets in the Legg Mason , Odyssey Odyssey (ŏd`ĭsē): see Homer.

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 Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. , Elizabeth Arden Elizabeth Arden (December 31, 1878 - October 19, 1966) was a Canadian businesswoman who built a cosmetics empire in the United States.

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W&M Construction Corp. will build out the new space for Citibank.
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Comment:Citibank sees Stamford as ideal home for global wealth division.
Publication:Real Estate Weekly
Date:Apr 30, 2008
Words:174
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