C Citigroup Inc

   By Colin Kellaher 
 

Citigroup Inc. (C) on Tuesday said it will move about 1,100 employees out of its offices in New York City's Long Island City to make room for Amazon.com Inc. (AMZN) new headquarters in the city.

Citigroup said it will vacate some floors at One Court Square, a 53-story office tower in Long Island City, and move more than a third of its roughly 3,000 employees who work in the building to other locations over the first half of next year.

Citigroup, which currently occupies about 1 million square feet in One Court Square, had already indicated that it planned to move out most of its employees in 2020. The New York bank on Tuesday said it would accelerate plans to move those workers to its Tribeca headquarters and other locations.

Amazon on Tuesday said Long Island City and a Northern Virginia suburb of Washington, D.C., would be homes for its second and third headquarters, ending a more than yearlong public contest that began with 238 candidates and ended with a split of its so-called HQ2.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

November 13, 2018 11:52 ET (16:52 GMT)

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