Fidelity Investments Selects Forest City's Mesa del Sol for New Operations Center:
Financial Services Company Will Create 1,250 New Jobs
Momentum is Building, Mesa del Sol is Living up to Promise
ALBUQUERQUE, N.M. & CLEVELAND--(BUSINESS WIRE)--Forest City Enterprises, Inc. (NYSE: FCEA) (NYSE: FCEB) announced today that Fidelity Investments, one of the world’s largest providers of financial services, will locate a new 210,000-square-foot operations center at Mesa del Sol, a 12,900-acre, mixed-use project in Albuquerque, NM.
Mesa del Sol is being developed by Forest City Covington NM, LLC, a joint venture between Forest City NM, LLC, a subsidiary of Forest City Enterprises, and Covington NM, LLC, an affiliate company of Covington Capital Corporation.
Fidelity, which expects to create 1,250 new jobs in Albuquerque, will begin its local operations this year and occupy its facility at the Mesa del Sol site in late 2008. The new campus will house the expansion of Fidelity Human Resources Services which provides corporate clients with payroll, health and welfare, and human resources services.
“Fidelity’s selection of this location for a major facility reflects its great confidence in New Mexico’s workforce and the quality of life provided at Mesa del Sol,” said Michael Daly, president of Forest City Covington. “It also offers testimony to the successful collaboration of the public and private sectors, at both the local and state levels, to support economic development that will benefit the entire state."
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