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Update on the Joseph A. Oddis Building: November 2015

Nov 19, 2015
Paul W. Abramowitz, Pharm.D., Sc.D. (Hon.), FASHP

Paul W. Abramowitz, Pharm.D., Sc.D. (Hon.), FASHP

A LITTLE OVER A YEAR AGO, I shared with you that ASHP was exploring the option of selling our current headquarters building and relocating to state-of-the-art offices. In that blog, I noted that ASHP had been approached by Montgomery County, Maryland, (where ASHP is located) to explore the Society’s willingness to consider a sale of our building to accommodate the county’s plans for construction of a transit station.

ASHP’s consideration for selling our building centers on one thing: our members. Because ASHP is a not-for-profit professional society dedicated to advancing healthcare and pharmacy practice, any consideration for selling our building must put ASHP in a position to continue providing the high level of service that our members deserve. Further, it must ensure that ASHP remains financially strong long into the future in order to support the Society’s robust public health and membership mission.

After consultation with legal experts and the ASHP Board of Directors, we made the decision to move forward with marketing the building for sale, and have selected a purchaser for the possible sale of our property. We are currently in the process of working with that purchaser on the legal terms that would ultimately guide a transaction. We have also identified and are actively engaged in negotiations for new office space. Should ASHP sell our building and relocate, we would remain in downtown Bethesda, where we have been an active part of the community for nearly 50 years. We would also move into modern offices that would better facilitate member and stakeholder engagement, with continued easy access to public transportation, hotels, and restaurants.

The negotiations continue to move forward. While we are optimistic that we will reach an agreement that will serve the interests of ASHP’s members, a final determination will not be made until a due diligence period is concluded. Once a firm decision has been reached, I will provide you with an update on our future plans.

Thank you for your continued support of ASHP, and for everything that you do for your patients.

Sincerely,

Paul

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