Fidelity Investments has put its 803,000-square-foot Boston headquarters on the market for sublease as it prepares to move into a smaller space elsewhere in the city.
Bisnow.com, citing an unnamed “source close to the building,” reports the financial services company is relocating next year to a 650,000-square-foot office in the redeveloped World Trade Center, which will be rebranded as Commonwealth Pier. Pembroke, a sister company of Fidelity, is leading the redevelopment project.
Fidelity acquired and moved into the 245 Summer Street property in 1999 but sold it five years later to Benderson Development while continuing to lease the space. However, it did not become its official headquarters until 2012 – at the time, the company shifted it corporate leadership offices from a space at 82 Devonshire Street.
The company has 5,860 employees in Boston and is the 20th largest employer in Massachusetts.
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