Glendale Unified looks to swap HQ with nearby property

Los Angeles /
Jun.June 26, 2017 02:00 PM

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.

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


Related Articles

arrow_forward_ios
Redcar Properties CEO Jim Jacobsen with Dynasty Center (Google Maps, Industry Partners)
Redcar buys Dynasty shopping center in Chinatown
Redcar buys Dynasty shopping center in Chinatown
Sandstone Properties CEO Eri Kroh with a rendering of the project (Sandstone, The Jeff Hotel)
Culver City approves `The Jeff,’ Sandstone Properties’ 175-unit hotel
Culver City approves `The Jeff,’ Sandstone Properties’ 175-unit hotel
Apple delays return to office by a month
Apple delays return to office by a month
Apple delays return to office by a month
AMC CEO Adam Aron and The Grove and Americana theaters (Getty, Google Maps)
Coming attraction: AMC inks leases at the Grove, Americana theaters
Coming attraction: AMC inks leases at the Grove, Americana theaters
Stos Partners Principal CJ Stos and 159 N San Antonio Avenue 
Stos Partners pays $22M for Pomona warehouse
Stos Partners pays $22M for Pomona warehouse
The assistance is available to theaters with fewer than 99 seats (Getty)
California lawmakers set aside $50M in massive state budget to aid small theaters
California lawmakers set aside $50M in massive state budget to aid small theaters
Elon Musk and 19640 Cajon Boulevard (Alere Property Group, Getty)
Tesla drives into San Bernardino with big warehouse deal
Tesla drives into San Bernardino with big warehouse deal
Goodman Group CEO Gregory Goodman with renderings of the facility (Goodman, Relativity Space)
Goodman signs spaceflight startup to 1.3M-sf former Boeing site
Goodman signs spaceflight startup to 1.3M-sf former Boeing site
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...