The company is headquartered in Boston but its "campus," which includes eight buildings that it owns and occupies, and 8,000 of its employees are here. According to Alyson Riley, spokesperson for State Street, the company is leasing this building because Nordic Properties is not selling it at this time.

Riley also confirms for GlobeSt.com that State Street plans to lease space at One Lincoln St, the skyscraper being built near South Station in Boston. The company reportedly plans to take at least half of the building, which could be the biggest lease in the city, but Riley declines to comment on the amount of space.

"We are still in the negotiation phase of the lease," she says. According to the company's most recent earnings report, 2000 earnings per share are up 21% over earnings per share in 1999.