Civic leaders in Emmaus, Pa., voted 6-to-1 last week to buy the former headquarters of Men's Health publisher Rodale for $2.95 million.
Although that was about $500,000 less than the $3.49 million the company sought when it moved out 2 ¹/₂ years ago, a Rodale spokeswoman told Media Ink said the company was "happy" with the price.
"We haven't occupied the building since 2012 — and we're thrilled that the original headquarters will become the new home of the Borough of Emmaus — the company's hometown which we have a deep love for," she said.
Part of the structure, which sits on a 5-acre plot, was being rented to a charter school with three years left on its lease. The rest was unoccupied.
Emmaus plans to house police and fire departments there.
The cash from the selloff may come in handy this year as CEO Maria Rodale is taking the risky move of suspending publication of the company's original title, Organic Gardening, with plans to use the subscription list to launch a new lifestyle magazine to be called Rodale's Organic Life.
It debuts in mid-April with a May/June issue.
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