After almost 200 years in the Big Apple, the American Bible Society is moving to the city of Brotherly Love.

The ABS sold their New York headquarters for $300 million dollars and announced a move to the history center of Philadelphia, an area called “the most historic square mile in America.”

“We are thrilled that we will be starting a third century of service headquartered here in Philadelphia,” said American Bible Society President and CEO Roy Peterson. “Home to America’s first hopes as a new nation, Philadelphia is now home to a very bright future for American Bible Society.”

The group said the sale of the New York building was intended to provide funding for further ministry outreach.

“The 1865 Broadway property has served us well for nearly 50 years. The decision to sell the property was made to unlock the value of the site to further the mission of American Bible Society,” ministry’s Board Chairman Pieter Dearolf said earlier. “As we approach a third century of mission, we are laying the groundwork for the next 100 years of inviting people to experience the life-changing message of the Bible.”

The first president of the ABS, Elias Boudinot, was a Philadelphia native.

“Philadelphia is a place where businesses and nonprofits receive a warm reception,” Philadelphia Mayor Michael Nutter was quoted as saying. “On behalf of the City of Philadelphia, we’re honored to welcome American Bible Society to its new home.”