PLEASANTON, CA—Software leader Workday is planning a major new expansion of its operations in a big office complex next to its existing headquarters here.

Potentially up to 3,000 Workday employees could work at the complex that was purchased for an estimated $104 million late last year, according to a report in the Contra Costa Times.

Alamo-based NPC Holdings, an investment company controlled by Workday co-founder David Duffield, bought the five-building office complex, known as Stoneridge Corporate Plaza. The office campus is next door to the existing Workday headquarters.

"Workday will occupy some of the space as an expansion of its corporate headquarters,"

spokesman Eric Glass told the paper.

NPC Holdings will own and manage the five-building complex, which has multiple tenants.

Alameda County property records show the Duffield-led investment firm paid cash for the property. The seller was Metropolitan Life Insurance. The deal was arranged through Colliers International and Griggs Resources.

Click Contra Costa Times for the full story.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.