An era gone by, no longer will the Fidelity sign hang at 82 Devonshire Street. Related Beal acquired the 343,000 square foot portfolio and is in the process of reviewing plans to revitalize the retail storefronts. Boston developer Related Beal has acquired a five-building portfolio in the Financial District from Fidelity Investments with plans to upgrade its office and retail space.
Stephen Faber, executive vice president of Related Beal, commented on the opportunity in an article on Banker & Tradesman’s website:
“Rarely do you have the opportunity to reposition and reinvent an entire city block, especially one in the heart of downtown Boston,”
The full article is available, here.