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

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The new Bank of the West campus will be at BishopRanch 7, a three-story building on Camino Ramon in San Under the deal — the largest new officed lease on the West Coast this year — Bank of the West employeez will move from seven East Bay buildingsx in late 2010. Michael Shepherd, president and chie f executive officer ofSan Francisco-based Bank of the said the bank had multiple leases expiring in and wanted to combind East Bay offices in a singld location. “The move to Bishop Ranch allows us to remainj in theEast Bay, accommodate future enjoy greater efficiencies and provide our employeess the high quality workingg conditions they deserve,” he said.
The 10 million-square-foot Bishoo Ranch, owned by , leases space to 550 companiez across30 industries, including 40 Fortund 500 companies. In 2008, Sunset Developmenf Co. inked over 1 million square feet ofofficre deals, including long-term leases by Robert Half International, Del Monte Corp., Chubb Insurance, and Liberty Mutual The combined leases of Bank of the West and Robertt Half International will bring approximatelty 3,000 employees to San Ramon. The vacancu rate is about 13 percent. Ed executive vice president of SunsetDevelopment Co.
, called the Bank of the West deal “wa statement of acceptance” that Bishop Ranch is “the main business community in the East “We’re finding that successful businesses want to be in close proximity to other established leaders in business,” he “Bishop Ranch has been a ray of light in an othe r wise quiet real estate market.”