Is Fidelity looking for new digs courtesy of FleetBoston? A Boston paper is reporting that the Boston Behemoth is looking at the headquarters of FleetBoston as possible new office space.

FleetBoston may give up the space now that it is being absorbed into Bank of America, reported the Boston Herald last week. Spokespeople from both Bank of America and Fidelity declined to speak to the Boston paper.

The building, which is located at 100 Federal Street, is rumored to be on the market. Unnamed executives told the paper that Fidelity Investments is eyeing the possibility of either renting or buying the space. The building could fetch as much as $400 million in a sale, according to the paper.

The speculation among real estate executives, reports the Herald, is that Fidelity could turn the building into a "high-profile downtown headquarters." Of course, the rumors should be taken with a grain of salt as the unnamed real estate executives are likely to be among the beneficiaries if their is a deal.

Fidelity now rents space in the tower at One Federal Street.  

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