text: 1980s and 1990s As completed, Citicorp Center was divided into three separate condominium-style ownership stakes. One condominium was owned by the church, while the other two were 61.55 and 32.85 percent ownership stakes in the office stories. In October 1987, Citicorp sold the 61.55 percent ownership stake (consisting of the 23rd through 59th floors), along with a one-third stake in its former 399 Park Avenue headquarters, to Dai-Ichi Mutual Life Insurance Company for $670 million. Citicorp used the profits from the sale to reduce its losses, which in the first half of 1987 totaled $2.32 billion; it continued to own the remaining stories at Citicorp Center. At the time, Citicorp was developing One Court Square across the East River in the Long Island City neighborhood of Queens. The new building in Queens was one subway stop away from Citicorp Center and 399 Park Avenue, allowing Citicorp to split its offices between the buildings.
  The Market shopping atrium fell into disrepair in the two decades following Citicorp Center's completion. In May 1995, Citicorp commenced a $15 million, eighteen-month renovation of the shopping concourse, which was designed by Gwathmey Siegel & Associates Architects. The brick pavers were replaced with terrazzo, new signs were installed outside each storefront, and circulation features, such as the placement of escalators, were rearranged. The shopping concourse was renamed the Shops at Citicorp Center and bookstore Barnes & Noble was named as the anchor tenant, taking .