State Street Announces New Boston Flagship Headquarters
January 23 2019 - 10:02AM
Business Wire
Will Occupy Space in City’s Major Redevelopment Area by 2023
State Street Corporation (NYSE: STT) today announced that in
2023, its new global headquarters in Boston will be One Congress
Tower (One Congress). To be located at Bulfinch Crossing – a major
redevelopment project in downtown Boston which will create six new
high-rise and mid-rise buildings – One Congress will break ground
in the summer of 2019.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190123005517/en/
Designed by Pelli Clarke Pelli Architects, One Congress will
have many attractive design and infrastructure features and will
enable State Street to lower overall operating and occupancy costs,
and offer employees a working environment that will foster
increased collaboration and productivity. As with State Street’s
Channel Center offices, the building will be LEED (Leadership in
Energy and Environmental Design) Gold® certified – an independent
standard that verifies sustainable building design.
“State Street has called Boston home for 226 years, and today’s
announcement reinforces our continued commitment to this thriving
and distinctive city,” said Ron O’Hanley, president and chief
executive officer of State Street. “The workforce of the future is
pushing us to rethink how and where we operate. Employees in
today’s highly digitized world need space to collaborate and access
state-of-the-art technology that supports flexible working and
connectivity to support our clients. We have seen great success
with our Channel Center building in the Seaport that was designed
for this purpose, and we are confident that One Congress will
deliver an equally productive and successful environment.”
State Street’s building at One Channel Center in Boston’s
Seaport, opened in 2014, is not impacted by this relocation with a
long-term lease until 2030.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $31.62 trillion in assets
under custody and administration and $2.51 trillion* in assets
under management as of December 31, 2018, State Street operates in
more than 100 geographic markets worldwide, including the US,
Canada, Europe, the Middle East and Asia. For more information,
visit State Street’s website at www.statestreet.com.
*This figure is presented as of December 31, 2018 and includes
approximately $32.44 billion of assets with respect to SPDR
products for which State Street Global Advisors Funds Distributors,
LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
© 2019 State Street Corporation - All Rights Reserved
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190123005517/en/
Marc Hazelton+1
617-662-1860MHAZELTON@StateStreet.com@StateStreet
State Street (NYSE:STT)
Historical Stock Chart
From Jun 2024 to Jul 2024
State Street (NYSE:STT)
Historical Stock Chart
From Jul 2023 to Jul 2024