Forbes magazine is moving its base of operations out of Manhattan to New Jersey, reports Keith Kelly of the New York Post.
Kelly writes, “CEO Mike Perlis gave the word but said the company is looking for ‘strategically located office space in Manhattan to serve as a New York office.’
“Perlils said the new HQ lease, arranged by the LeFrak Organization, is at 499 Washington Blvd. in Jersey City.
“‘The New Jersey venue will give us the opportunity to create a state-of-the-art media center,’ Perlis said his memo to staffers.
“The move out of its HQ is not a shock since the Forbes family had already sold Forbes Media’s headquarters — purchased in 1965 — to New York University in 2010 for $65 million. At the time it signed a five-year lease to stay in the building. That lease expires Dec. 31.
“Still, leaving the Big Apple for New Jersey is a shocker as Forbes has been based here for 97 years.”
Read more here.
