NEW YORK CITY-Studley has the assignment to find a new home for the American Red Cross in Greater New York who agreed to sell its 164,175-sf headquarters at 150 Amsterdam to 150 Amsterdam Avenue Holdings in a $72-million transaction. The Red Cross, which has the sole tenant at the five-floor site since building it in 1963, plans to occupy a new space in late 2005.

According to a spokesperson, the Red Cross is evaluating all options, including leasing or buying, and is exploring various Manhattan neighborhoods—-not just the West Side. The spokesperson tells that major considerations include the need for additional classroom space and upgraded technology.

The organization plans to move into a more technologically advanced facility with next-generation telecommunications capabilities and robust power generating abilities, as well as invest additional resources in people and equipment. The sale proceeds will also enable the Red Cross to expand education and training programs, particularly those focusing on disaster preparedness, improve technological-response capabilities and shore up a financial base.

“The sale of our headquarters building will enable us to advance our mission to help the people of Greater New York prevent, prepare and cope with emergencies,” says Theresa Bischoff, chief executive officer of the ARC/GNY. “The sale provides an important down payment on building a stronger Red Cross that can continue to meet those expectations.”

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