Citigroup leasing back part of Flagler Center campus after $24 million property sale to Orlando investor

The New York City-based financial services company says it has 4,000 Jacksonville-area employees and will add more.


The 73.4-acre Citigroup campus at 14000 Citicards Way in Flagler Center.
The 73.4-acre Citigroup campus at 14000 Citicards Way in Flagler Center.
Colliers
  • Real Estate
  • Share

New York City-based Citigroup Inc. said through a spokesperson Jan. 23 that the sale Jan. 17 of its Jacksonville office campus is a business decision, and not a cut in its employment as workers continue hybrid schedules.

A deed recorded Jan. 23 with the Duval County Clerk of Court shows a purchase price of $24 million and a mortgage of $27.81 million.

“Citi currently has about 4,000 employees in the Jacksonville area with plans for growth over the next 2 years,” the spokesperson said by email.

Continue reading your article
with a JAX Daily Record subscription.
What's included:
  • ✓ Unlimited digital access to JaxDailyRecord.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed printed newspaper every Thursday

 

Sponsored Content

×

Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.