The Pleasanton (Calif.) district has purchased an office complex for $23.48 million in Hacienda Business Park in Pleasanton that will serve as the district's headquarters.
The district bought the two-building property from ECI Four Arroyo LLC, reports The Pleasanton Weekly.
The district is keeping three acres at its existing district headquarters and plans to sell the remaining seven.
"This is a crucial first step that will allow the district to leverage a portion of our current property to help finance needed investments in our aging school facilities," Superintendent David Haglund. "By maintaining a portion of the Bernal property, we will pave the way for significant improvements for our Village High School facility and create a dedicated space for the growing Pleasanton Virtual Academy."
District officials say renovating the existing headquarters would have been more costly than acquiring the office complex.
