The Society of Plastics Engineers has sold its headquarters building in Brookfield, Conn. the society's home since 1980 and is moving to a smaller building about eight miles away in Newtown, near Danbury, Conn.
We had a contract in March and we're closing on June 30, Executive Director Susan Oderwald said in an interview after SPE's business luncheon Sunday at the Antec conference in Chicago.
SPE has to move out of its old home by June 29. SPE staffers not attending Antec, which runs this week in conjunction with NPE, are in Connecticut helping with the transition.
SPE leaders had already announced they wanted to sell the building. It's a cost-cutting move, as SPE like many trade organizations faces a slide in membership accelerated by the economic downturn.
As part of its belt tightening, SPE recently laid off staffers. In 2008, the group reduced the amount of dues money the headquarters gives back to sections and divisions.
Oderwald said the organization expects its restructured staff and basic austerity measures to remain in place for the rest of 2009 and into 2010.
SPE officials deemed the 13,000-square-foot building in Brookfield to have more space than they needed. SPE is renting the new building, which measures just 3,700 square feet.
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