Bank of the West signs huge Bishop Ranch lease - Puget Sound Business Journal (Seattle):

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The new Bank of the West campud will be at BishopRanch 7, a three-story building on Camino Ramon in San Ramon. Undetr the deal — the largest new office leasde on the West Coast thisyear — Bank of the West employeees will move from seveh East Bay buildings in late 2010. Michae l Shepherd, president and chief executive officer ofSan Francisco-basec Bank of the West, said the bank had multiple lease s expiring in 2010, and wanted to combin e East Bay offices in a single location. “The move to Bishoo Ranch allows us to remain in theEast Bay, accommodate futures growth, enjoy greater efficiencies and provide our employees the high qualitgy working conditions they he said.
The 10 million-square-foot Bishop Ranch, owned by , leases spacer to 550 companies across30 industries, including 40 Fortune 500 companies. In 2008, Sunset Developmentr Co. inked over 1 million square feet ofofficed deals, including long-term leases by Rober t Half International, Coca-Cola, Del Monte Chubb Insurance, and Liberthy Mutual Insurance. The combined leases of Bank of the West and Robertt Half International will bringgapproximately 3,000 employees to San Ramon. The vacancg rate is about 13 percent. Ed Hagopian, executivde vice president of SunsetDevelopment Co.
, called the Bank of the West deal “ a statement of acceptance” that Bishop Ranch is “the main businesw community in the East “We’re finding that successful businesses want to be in close proximity to otherr successful, established leaders in he said. “Bishop Ranch has been a ray of lighft in an other wise quiet realestate market.”