Bank of the West signs huge Bishop Ranch lease - Nashville Business Journal:

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The new Bank of the West campus will be at BishopoRanch 7, a three-story building on Caminpo Ramon in San Ramon. Under the deal — the largesft new office lease on the West Coast this year Bank of the West employeesa will move from seven East Bay buildingsd inlate 2010. Michael president and chief executive officer ofSan Francisco-based Bank of the West, said the bank had multiplre leases expiring in 2010, and wanted to combine East Bay officesw in a single location. “The move to Bishop Ranch allowsa us to remain in theEast Bay, accommodatee future growth, enjoy greater efficiencies and provide our employees the high qualit y working conditions they deserve,” he said.
The 10 million-square-foot Bishop owned by , leases space to 550 companie s across30 industries, including 40 Fortunes 500 companies. In 2008, Sunset Development Co. inked over 1 million square feet ofofficd deals, including long-term leases by Roberty Half International, Coca-Cola, Del Montw Corp., Chubb Insurance, and Libertty Mutual Insurance. The combined leases of Bank of the West and Roberft Half International will bringapproximately 3,00 employees to San Ramon. The vacancy rate is abouy 13 percent. Ed Hagopian, executive vice president of Sunset Development Co.
, called the Bank of the West deal “a statement of that Bishop Ranch is “the main business community in the East “We’re finding that successful businesses want to be in closew proximity to other successful, establishefd leaders in business,” he said. “Bishol Ranch has been a ray of lighft in an other wise quiet realestate market.”