Glendale Unified looks to swap HQ with nearby property

425 E. Colorado St (Google Maps)
425 E. Colorado St (Google Maps)

Glendale Unified wants to swap its headquarters for a building half a mile south at 425 E. Colorado Street.

Sam Manoukian of Re/Max Realtor, who represents Glendale Unified, said the 113,000-square-foot  property, which dates back to 1984, has 380 parking spaces, about 224 more than the 156 Glendale Unified has now, and could qualify for a swap.

He suggested school officials occupy a portion of the building and rent out the rest of the space to other tenants to generate revenue, according to the L.A. Times.

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School board member Greg Krikorian said officials should tour the building before making a final decision.

Glendale Unified said that upgrading its current administration building at 223 N. Jackson Street would cost between $15 to $20 million.

The prospective deal comes two years after GU first entered negotiations for a swap with Burbank developer Chandler Pratt & Partners. Those negotiations fell through when officials announced they could not agree to the terms presented by Chandler Pratt & Partners. [LAT]Subrina Hudson