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Monday, December 16, 2013

Fido's "Block on Congress" Goes on the Block

News summary by MFWire's editors

The Boston Behemoth's Boston footprint will become slightly less behemoth.

The Boston Business Journal reports that Fidelity has aigned an agreement to sell four connected properties on Congress Street: 343,000 square feet of space include: 82 Devonshire St./35 Congress St.; 68 Devonshire St.; 15 Congress St.; 19 Congress St.; and a 2,116-square-foot lot at 54 Devonshire St.

The building at 82 Devonshire had previously served as Fidelity's headquarters until last year.

According to the financial publication, the four properties are assessed at roughly $50 million, while deal will likely close in the high $80 million range. 

Edited by: Tommy Fernandez


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