Fidelity Sheds Space in Hub, Seeks Property in N.C., Utah
By Joe Clements
Even as it maneuvers out of office lease obligations in downtown Boston, Fidelity Investments is apparently beefing up its commercial real estate activities in Utah and North Carolina. According to industry sources, the mutual fund giant is nearing commitment on a major build-to-suit project in Salt Lake City and is simultaneously conducting a search for commercial space in the Raleigh-Durham area of North Carolina.
Multifamily Development Planned For InWood Office Park Property
By Joe Clements
After an extensive marketing program, a sprawling land parcel fronting Route 93 on the Woburn/Reading line is being purchased by a Wilmington company that plans to pursue a multifamily development on the site. According to sources close to the deal, Howland Development Corp. last week signed a purchase-and-sale agreement to acquire the ill-fated InWood Office Park.
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