State Street to Move Headquarters to Downtown Boston
January 23 2019 - 11:02AM
Dow Jones News
By Colin Kellaher
State Street Corp. (STT) on Wednesday said it will move its
headquarters to downtown Boston as part of a major redevelopment
project in the city it has called home for more than 225 years.
The financial-services company said it will relocate in 2023 to
One Congress Tower, part of the Bulfinch Crossing project in
downtown Boston that will create six new high-rise and mid-rise
buildings near city hall.
The Boston Globe on Wednesday reported that State Street has
signed a 15-year lease for 510,000 square feet in the 43-story
tower, and will move at least 2,500 employees from its current
headquarters by Boston's South Station when its lease expires in
2023.
State Street said the move doesn't affect its building at One
Channel Center in Boston's Seaport, which opened in 2014 and is
leased until 2030.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 23, 2019 10:47 ET (15:47 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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