BOSTON-Related Beal on New Year’s Eve said the Related Real Estate Recovery Fund had acquired the Block on Congress, five contiguous properties in Boston’s Financial District, from Fidelity Investments. The company did not disclose terms of the deal; citing municipal records, the Boston Herald reported that Related Beal paid $59.2 million for the 343,000-square-foot office and retail complex, which formerly served as Fidelity’s downtown headquarters.

The properties, which number a vacant parcel among them, include 82 Devonshire St./35 Congress St., 68 Devonshire St., 19 Congress St., 15 Congress St. and 54 Devonshire St. Related Beal will lead the repositioning and serve as property manager for the Block.

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