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Friday, September 30, 2011

Fidelity Takes Over Nortel's Former Digs

News summary by MFWire's editors

Fidelity Investments has completed its $34.3 million purchase of four office buildings formerly occupied by Nortel Networks in North Carolina's Research Triangle Park, The Triangle Business Journal reports.

The News & Observer also covered the news.

Fidelity, which currently has employees in RTP and in the town of Cary, including in two former Nortel buildings that it had been leasing, will renovate the buildings this fall and will consolidate its North Carolina operations at the facilities. The four-building complex, known as Nortel's Network Center, has 680,000 square feet of space. 

Edited by: Hung Tran


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