Smith Barney, which is a division of Citibank Global Markets Inc., will occupy the entire third floor of the building, according to the terms of the 10.5-year lease. The transaction is valued at $6.2 million.
Ron Miller and Pascal Aubry-Dumand of Burnham Real Estate Services acted on behalf of The Shidler Group. The lessee, Citigroup Global Markets dba Smith Barney, was represented by Dave Marino of Irving Hughes.
Smith Barney is the wealth management and equity research unit of global giant Citigroup, which maintains a presence in more than 100 countries and territories. A full-service financial firm, Smith Barney provides comprehensive financial planning and advisory services to high net worth investors, institutions, corporations, private businesses, governments and foundations. Some of its services include asset allocation, private investment and lending services, hedge funds, cash and portfolio management, and retirement, education and estate planning. With approximately 500 offices around the globe, the firm employs more than 300 research analysts and nearly 12,400 financial consultants. It currently serves more than 7.5 million client accounts, representing nearly $900 billion in client assets.
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