Fidelity Investments this week closed on a real-estate deal to acquire four offices formerly occupied by Nortel Networks in Research Triangle Park.
The Boston financial services company will renovate the buildings this fall and will consolidate its North Carolina operations at the facilities. The four-building complex, known as Nortel's Network Center, have 680,000 square feet.
Fidelity currently has employees in RTP and Cary, including in two former Nortel buildings that Fidelity had been leasing. The company closed on the buildings Wednesday.
Fidelity's operations in RTP include support for individual, employer and institutional clients. The site also has a retirement call center and a data center, requiring technology and IT employees.
Nortel declared bankruptcy in January 2009 and has sold off its assets. Others that have taken over Nortel facilities and employees in RTP include telecom software developers, gear makers and network managers like Avaya, Ciena, Ericsson and Genband.
John Murawski has been a full-time newspaper reporter since 1991, with stints at Legal Times and The Chronicle of Philanthropy (both in Washington, DC), The Philadelphia Inquirer and The Palm Beach Post (in South Florida) before arriving at the N&O in December 2004. At the N&O he covers energy (nuclear, coal, renewable, efficiency), utilities (electric, natural gas, telephone) and telecommunications. His beat includes such publicly traded companies as Progress Energy, Duke Energy, PSNC Energy, Piedmont Natural Gas, PowerSecure International, Tekelec, Cisco Systems, AT&T, among others. You can reach him at 919-829-8932 or 
