Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from the line of Jamie Feldman from UBS. Please proceed.
Jamie Feldman - UBS
Great. Thank you very much. I was hoping you could walk us through your largest leases with Citi and the kinds of conversations you're having with them, and what exactly are they doing in ad space?
Marc Holliday
Why don’t we handle this three ways. Let Greg run you through or run everyone through what leases we have with the company and Steve Durels can describe what they are doing in this space and I can just mention briefly conversations we've had. So, we have that, chart.
Steve Durels
Yes, I think Jamie, if you and if people want to refer back, we had in Investor Day, we had a separate Citigroup tenancy slide, and it's really six major positions. They have 338,000 square feet of space over a 34th Street, which we actually had signed up with them knowing that they were going to move out of ad space in June of this year. We actually have already subleased ad bunch of the space to the [Siebel Company].
So that was something that we knew was going to occur. 485 Lexington, roughly 297,000 square feet of space that has some private banking over there and some of the property folks in there which?.
Marc Holliday
Yes, 485 is kind of a wealth management and a good deal of the people and they are there related to the Group being bought by Morgan Stanley and just to go back, the 333 because I’ll layer in as Greg goes through this.
333 as we said, we bought it with the knowledge and intention that they would be exiting out of the building. In fact, they should be out a little early, although they were rent obligation that they will continue to pay through the end of August and we have pre-let a $160,000 of square feet of ad space to the [Siebel Company].
Steve Durels
Right. So those are tuned in the wholly-owned portfolio. In the JVs, we have 800. Third, we have a small retail space over there for 7,000 square feet. Of course, the biggest position, 388, 390 Greenwich Street, we have 2.6 million square feet. We own that in joint venture and we’re a 50.6% owner of that building again. Our understanding is that that’s the building that they are backfilling into and Steve can walk through some of the high end space that they are actually looking to subways.
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