 In 1953, steel and concrete pen houses were built at the back of the building to house air conditioning equipment.In July 1982, the parent company of Fidelity Bank, Fidelcor, put up for sale Fidelity Building Corp., a subsidiary which owns The Fidelity Building and the neighboring Witherspoon Building.In December of that year, Fidelcor announced that the Al-Tajir Foundation, a real estate investment company owned by Mahdi Al Tajir, had agreed to buy Fidelity Building Corp. for US$63.5 million.