After thirteen years in its HQ near Penn Station, WNET.org has signed a lease on office space half the size of its current headquarters, the organization announced yesterday.

“Over the last two years, we have streamlined our operations to adjust to the new economic realities, and the move is another step in that process. The move will happen later this year and we see it as an opportunity to decrease our footprint, increase creativity and collaboration within the organization and get closer to our Lincoln Center studios and New York’s thriving arts community,” said WNET.ORG president and CEO Neal Shapiro in a statement.

The station also netted a quarter million dollars last week in an equipment auction, reported CurrentPublicMedia. Much of the gear—400 cameras, lighting equipment, and camera pedestals—dated from before WNET’s last move, but the stuff has apparently held its value.