Fidelity Investments today marked the official opening of its new, 185,000-square-foot office space in Jersey City, according to the company.
The financial services provider of investment management, retirement planning, benefits outsourcing and other products spent $30 million over the past 18 months on the leased space in Newport Office Centre III, at 499 Washington Blvd., which is owned and managed by LeFrak & Associates, Fidelity said.
The company will house 600 employees in the new space, including 240 new positions, Fidelity said in a statement.
The site primarily will be home to employees of Fidelity Institutional, including trading arm Fidelity Capital Markets and clearing business National Financial, the company said.
Fidelity said it picked Jersey City because of professional talent in the surrounding area and the building’s proximity to public transportation, hotels, and other local features.