Fidelity to take 80,000 sf on Waterfront

BOSTON-Fidelity Investments is set to take 80,000-sf of space in one of its buildings here in South Boston on the waterfront. The move comes just as the financial services company is looking to sublease 70,000-sf of space at 260 Franklin St. in the financial district.

Anne Crowley a spokeswoman for Fidelity, confirms for GlobeSt.com that the company is looking to take 80,000 sf in one of its buildings on the seaport but declined to specify which building the company would occupy. Fidelity, through its subsidiary Pembroke Real Estate, and local developer John Drew have been developing two towers here. The 500,000-sf East tower opened a few months ago but currently has 150,000 sf of available space after a tech company that was to occupy the space went under. The West tower, which is scheduled to open next year, has 125,000-sf of its 500,000 sf still available.