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

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The new Bank of the West campus will be at BishopRanch 7, a three-story buildinf on Camino Ramon in San Under the deal — the largesyt new office lease on the West Coast this year Bank of the West employees will move from seven East Bay buildings in late 2010. Michaelk Shepherd, president and chietf executive officer ofSan Francisco-based Bank of the said the bank had multiple leasesx expiring in 2010, and wantedf to combine East Bay offices in a single location. “Th e move to Bishop Ranch allowss us to remain in theEast Bay, accommodate futurer growth, enjoy greater efficienciesw and provide our employees the high quality working conditionas they deserve,” he said.
The 10 million-square-fooy Bishop Ranch, owned by , leasee space to 550 companies across30 industries, includin 40 Fortune 500 companies. In Sunset Development Co. inked over 1 million squares feet ofoffice deals, including long-term leases by Robertt Half International, Coca-Cola, Del Montw Corp., Chubb Insurance, and Liberty Mutuap Insurance. The combined leases of Bank of the West and Rober Half International will bringapproximately 3,000 employees to San The vacancy rate is about 13 percent. Ed executive vice president of SunsetDevelopment Co.
, called the Bank of the West deal “sa statement of acceptance” that Bishop Ranch is “the main businesas community in the East Bay.” “We’re finding that successfupl businesses want to be in close proximityg to other successful, established leaders in business,” he said. “Bisholp Ranch has been a ray of lighty in an other wise quiet realestatw market.”