NYC 9/11 Public Portal Document
ID: PAG E 2/2
OCT-09-01 10: 16 FROM:
CONTACT: Jim Connelly, EVP
201-547-3650
FOR: Fred Alger Management, Inc. For Immediate Release
FRED ALGER MANAGEMENT SIGNS LEASE FOR
NEW YORK CITY HEADQUARTERS OFFICE
- - Firm to Return to New York City Before End-of-Year - -
Inc. announced
Morristown, New Jersey, October 9, 2001— Fred Alger Management,
to be located in the
today that it has signed a lease for a new Manhattan headquarters,
previous New York
Constable Building at 111 Fifth Avenue. Fred Alger Management's
the World Trade Center.
City office was destroyed in the September 11, 2001 attack on
the destruction
"Like everyone else, we are doing our best to both come to terms with
Fred M. Alger,
that occurred on September 11 and move constructively forward," said
capital, and has been
Chairman and President. "New York City is the world's financial
Management to maintain its
for decades. For that reason, it made sense for Fred Alger
mind that New
headquarters there for nearly forty years. There is no question in my
continue and enhance its role
York will recover from the recent terrorist attacks, and will
now makes sense for us to return. We
as the world's financial capital. For that reason, it
New York City as soon as
are a New York City-based firm and will reopen offices in
well before the end of the
possible. We expect to open our Manhattan office for business
year."
feet, the entire second and
The firm's new Manhattan location will occupy 40,000 square
primary research, trading,
third floors of 111 Fifth Avenue. Fred Alger Management's
Support offices will
and client service functions will be located at the new headquarters.
continue to be maintained in Jersey City and Morristown, New Jersey.
lease negotiations. The
Colliers ABR represented Fred Alger Management, Inc. in the
Associates of Manhattan.
Constable Building, 111 Fifth Avenue, is owned by B.J.W.
Fred Alger Management, Inc. is a leading money management fi rm.
NYC-WTC 000137069
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