GCFA buys new office building in Nashville
|A UMNS photo by Ronny Perry
GCFA will move its headquarters to this property on Nashville�s Music Row.
Jan. 12, 2005
General Council on Finance and Administration has bought a former RCA
building on Music Row in Nashville, Tenn. The United Methodist agency
will move its headquarters there from Evanston, Ill., and some staff
already in Nashville will occupy the building this summer. A UMNS photo
by Ronny Perry. Photo #05-035. Accompanies UMNS story #027. 1/12/05|
Tenn. (UMNS) — The United Methodist Church’s finance and administration
agency has closed on the $2.8 million purchase of a building previously
occupied by RCA.
General Council on Finance and Administration will have its new,
consolidated headquarters at 1 Music Circle North. The offices are
27,000 square feet on two floors—about the same amount of space now
occupied by GCFA in its Evanston, Ill., headquarters and Nashville
building’s previous owner, Jim Ayers, chairman of First Bank in
Lexington, Tenn., had marketed the Music Row property for more than
space is close to several other church agencies, as well as the
Scarritt-Bennett Conference Center and the Tennessee Annual (regional)
in 1990, the building will be renovated before current Nashville staff
move into it this summer. There are 11 employees in Nashville and about
40 in Evanston. The number of staff relocating from Evanston and the
timeline for their move will be determined in the spring.
council researched and deliberated this consolidation for over two
years," said Ray Moseley, a member of the Baltimore-Washington
Conference and chairperson of the task force researching the move. "By
having all our staff in a single location, GCFA will be able to provide
more efficient and effective services to the church at a substantially
existing, inefficient buildings are both over 40 years old," said
Sandra K. Lackore, top executive with GCFA. "We project that the savings
from the sale of those buildings plus the savings accruing from having
all staff under one roof for the first time will pay for the
consolidation within five years. From that point forward, the
consolidation will produce significant ongoing savings, which the church
can use to fulfill its mission of making disciples of Jesus Christ."
Zekoff, assistant general secretary of communications at the General
Council on Finance and Administration, provided information for this
News media contact: Kathy L. Gilbert, Nashville, Tenn., (615) 742-5470 or email@example.com.