Patagonia, Inc., confirmed on Wednesday, May 24, that it recently purchased the former property of the now-shuttered Brooks Institute at 5301 N. Ventura Ave., north of Ventura, but plans for the site are still tentative. The 7.87-acre campus includes 30,000 square foot of sound stages and
38,000 square feet of classrooms, administration offices and more.
“It’s too early to say,” said Corley Kenna, spokesperson for Patagonia, noting that she wanted to make clear that “we are not moving from the West Santa Clara site. This will remain open no matter what.”
Patagonia was founded by Yvon Chouinard, a mountain climber and environmentalist, at an old blacksmith shop, Great Pacific Iron Works,
in 1973, located at 235 W. Santa Clara St., Ventura. This is the second large local property acquisition in the last few years to expand Patagonia, having purchased a former medical office building across the street from its headquarters. Kenna said that there are no concrete plans for that site either, despite rumors that the clothing company had decided to turn that location into a parking lot.
According to the multiple listings service with Realist.com, the former Brooks property was assessed at $14.8 million in 2016 and sold for $7.5 million on May 12 to to Patagonia Works, the holding company for Patagonia, Inc.; the last purchase price on record was $3.1 million on July 28, 2006.