Chaminade acquired a shopping center near campus. (Mark Holtzman / West Coast Aerial Photography)
West Hills Chaminade has acquired a shopping center near its high school campus off Saticoy Street and Woodlake Avenue for $14 million, school president Rob Webb said Thursday. The 4.8-acre parcel is one of last in the area that has not been developed for residential use. It currently contains 16 businesses.
No final decision has been made about what the school will do with the land, but it could be used for parking, more classrooms and additional facilities.
“For us, yesterday we were a debt-free organization,” Webb said. “Today we aren’t. A big chunk came from capital reserves. It’s an exciting time. Schools are landlocked in this neighborhood and for us to find a parcel that became available for the first time in 50 years is transformational.”