SAN RAMON, CALIF. — Bank of the West has signed a lease for 240,000 square feet of office space at Sunset Development Co.’s Bishop Ranch, a 585-acre business park in San Ramon. The San Francisco-based bank will consolidate its East Bay offices into Bishop Ranch 7, a three-story building on Camino Ramon.
In a statement, Bank of the West’s President and CEO Michael Shepherd said, “the move to Bishop Ranch allows us to remain in the East Bay, accommodate future growth, enjoy greater efficiencies and provide our employees the high quality working conditions they deserve. With multiple leases expiring in 2010, this was an unmatched opportunity to combine our East Bay offices in a single location.”
The bank currently has approximately 1,600 employees in seven separate buildings in Walnut Creek, Concord and Pacheco, Calif. The company plans to take occupancy in late 2010. This transaction marks one of the largest single office leases in the nation in recent months and the largest new lease on the West Coast. Additional details of the transaction were not disclosed.
Bishop Ranch is a diverse business community including more than 550 companies in 30 industries. Bank of the West’s holding company, BancWest Corp., is a subsidiary of BNP Paribas.
— Amy Bigley