An industry source tells GlobeSt.com the huge investment firm will be looking to sublet space at 53 State St. This space will join the 250,000-sf at 99 High St. that Fidelity wants to sublease as well as the 170,000-sf it is looking to sublet at 260 Franklin St.
Vin Laporchio would not comment on the details of Fidelity's real estate, telling GlobeSt.com that Fidelity "certainly has had conversations with [building owners] about future needs for space." Laporchio points out that Fidelity currently owns or leases approximately 5.6 million sf in the state--up from 3.3 million sf in 1995. "This is all part of the market cycle," he adds.
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