One Court Square, the tallest building in the city outside of Manhattan, has hit the market once again, and its sale price could break borough records, according to reports.
Real estate firm Savanna, which bought a controlling interest last year in the 51-story building also known as the Citi Tower, listed it with brokerage Cushman & Wakefield, which was first reported by the New York Daily News.
Representatives for Cushman & Wakefield didn’t comment on the listing, and an asking price was not disclosed.
The tower sold in 2011 for $500 million, but is expected to sell for much more this time around since values in Long Island City have increased over time.
One Court Square was designed by Skidmore, Owings & Merrill LLP, and built by Turner Construction in 1989 for Citigroup. The office tower has 1.5 million square feet of space and is 673 feet tall.
Citigroup, which sold the building in 2005, still has a lease through 2020 for the tower and the company has about 4,800 workers in it, according to reports.
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