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New York

GM rejects lease at former Citigroup Center

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General Motors has been allowed to reject its lease at 601 Lexington Avenue, the former Citigroup Center, as a result of its bankruptcy declaration, according to the second-quarter earnings report from building owner Boston Properties. General Motors, which had leased 120,000 square feet in the building beginning June 1, rejected the lease June 12. The company will instead remain at the General Motors Building, at 59th Street and Fifth Avenue, as it had been considering doing. The 101,000-square-foot lease at the GM Building, also owned by Boston Properties, expires March 31, 2010.

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Boston PropertiesGeneral Motors