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After months on the market, an office site that previously served as part of Workday’s Pleasanton headquarters is now in new hands, with PG&E set to be the latest company situated at the prominent property near the West Dublin-Pleasanton BART Station.
Officials with Workday and PG&E confirmed the sale to the Pleasanton Weekly without providing further details.
The transfer was filed with the Alameda County Clerk-Recorder’s Office early Thursday morning for a final price of $21.8 million – a steal for PG&E, with the property at 5928 Stoneridge Mall Road valued at $67,255,786, according to last year’s assessment roll.
“We have purchased an office in Pleasanton to provide adequate office workspace for our coworkers that are supporting the greater Bay Area, including the Tri-Valley,” PG&E spokesperson Tamar Sarkissian said Thursday.
A Workday spokesperson confirmed Tuesday that one of the company’s buildings had been sold as “part of a wider effort to invest in and transform our campus into an interconnected community that brings our Workmates closer together”.
Although the property went on the market months after Workday announced 1,750 layoffs last year, the software company has maintained that the sale is not related and that it is committed to keeping its headquarters in Pleasanton. Workday owns multiple other office buildings on the block near the BART station and Stoneridge Shopping Center.
Workday purchased the 5928 Stoneridge Mall Road site in 2016 from Safeway, which previously housed the grocery chain’s corporate headquarters.
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