State Street [profile] may soon join Fidelity and John Hancock's parent at Boston's Seaport District. State Street is at work on a deal with Commonwealth Ventures for the construction of a 500,000-square-foot building in the "Innovation District," an anonymous source told the Boston Globe.

The new offices would be built at the 7-acre Channel Center in the Fort Point neighborhood. The Globe states that the possible move to the waterfront district by State Street was first reported by the Real Reporter, a commercial real estate publication.

Some of the office space leases of State Street will expire in 2014. The firm currently occupies offices across Boston, namely: Copley Place, the Prudential Building, the John Hancock Tower in Back Bay, and Lafayette Corporate Center in the Financial District.

The lease on State Street's headquarters at One Lincoln Street will expire in 2023. 

Edited by: HFD


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