Will Ned and Abby get rid of 82 Devonshire?
In a rare public statement in November, Fidelity
] chairman Ned Johnson revealed
that the Boston
Behemoth was moving its longline headquarters to its 245 Summer Street offices, next to
Boston's South Station. Now Greg Turner of the B
oston Herald reports
that Fidelity hired CBRE New England
to either sell
or lease out 82 Devonshire and three adjacent buildings. And the paper notes that
Fidelity met with city planners, too, to discuss development options that fit within
"Given its desirable location in the heart of the Financial District on the edge of
Downtown Crossing, we believe there are a number of attractive options for the
buildings," Fido spokesman Vin Loporchio told the Herald
Citing "Hub real estate experts," the paper expects that the old headquarters and the
adjacent buildings could sell for $100 million to $140 million, or even more if a buyer
plans to replace them with a skyscraper up to 400 feet tall, i.e. 36 to 40 stories.
clarified that Fidelity's 11-story building at 27 State Street would
not be part of the deal.
The 245 Summer Street building includes about 2,900 Fidelity workers, including president
and scion Abby Johnson
. About 600 still work at 82 Devonshire.
Neil Anderson, Managing Editor
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