MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, July 18, 2006 It's Moving Day for Fido Workers in Rhode Island More than 150 Fidelity workers are getting a new address this week. The Boston Behemoth started moving the workers to the former American Express building in downtown Providence, Rhode Island yesterday. The two-week-long move will see 325 workers relocate by the end of the month, according to a published report. According to the Providence Journal, the workers will be settled in by the time Fidelity holds a ribbon cutting ceremony in early August. The workers including staff in its personal investment group and a number of senior executuves. Eventually, some of those workers may be relocated to a Fidelity campus in Smithfield that is now under expansion. The move, which cost $13.9 million, has been in the works for about 18 months and is part a Fidelity effort to spread jobs now located in downtown Boston to less expensive locals in the greater Boston area. Fidelity is paying $2.04 million in annual rent for the space. Fidelity signed a lease for the 113,000 square foot, four-story building in downtown Providence after a Rhode Island pension fund took over the building from Gateway Eight, which had filed for bankruptcy protection after missing payments on its $21.5 million mortgage. Printed from: MFWire.com/story.asp?s=12264 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |