Wednesday, January 28, 2015

American Bible Society to Move From NYC to Philly

by Jon Jordan
The American Bible Society is relocating its corporate headquarters from 1865 Broadway in New York City to 401 Market St. here.

The society has maintained its headquarters in New York City for 199 years, the last 48 years at the 1865 Broadway property, which the society put on the market for sale earlier this year.

Philadelphia Mayor Michael Nutter is expected to announce the relocation of the American Bible Society to the building near Independence Mall at a press conference today, according to The Inquirer.

American Bible Society CEO Roy Peterson says it was a "real heart-wrenching decision to leave New York," but that it was the right decision for the society’s staff.

"People can afford to live here (in Philadelphia), it's walkable, there's public transportation," Peterson said. "Our staff commutes an hour or two . . . from Long Island, the Bronx."

The ministry offices will lease almost 100,000 square feet on the eighth and ninth floors of the Market Street building, which is mostly occupied by Wells Fargo. The lease is for 25 years with a 25-year renewal option.

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