PG&E Acquires Pleasanton Office Building from Workday

The $21.8 million all-cash purchase will allow the utility to expand its East Bay presence.

Jan. 29, 2026 at 5:55pm

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PG&E, the Oakland-based utility company, has purchased a Pleasanton office building from Workday for $21.8 million in an all-cash deal. The acquisition of the 5918 Stoneridge Mall Rd. property will allow PG&E to expand its footprint in the East Bay, including the Tri-Valley region.

Why it matters

The purchase highlights PG&E's commitment to strengthening its operations and support for customers in the greater Bay Area. As a major utility provider, PG&E's expansion in the Pleasanton area signals the company's focus on serving the growing energy needs of the region.

The details

PG&E paid $21.8 million to acquire the Pleasanton office building from Workday, a cloud-based financial and human resources software company. The 5918 Stoneridge Mall Rd. property will provide additional workspace for PG&E employees supporting the greater Bay Area, including the Tri-Valley region.

  • PG&E announced the all-cash purchase on January 29, 2026.

The players

PG&E

Oakland-based utility company that provides electricity and natural gas services to customers across Northern and Central California.

Workday

A cloud-based financial and human resources software company that previously owned the Pleasanton office building purchased by PG&E.

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The takeaway

PG&E's acquisition of the Pleasanton office building demonstrates the utility's commitment to expanding its presence and support for customers in the growing East Bay region, particularly the Tri-Valley area.