By Meghan Hall
AT&T’s Mobility Services Group has placed a large block of Class A office space in San Ramon up for sublease at a time when many companies are evaluating work from home policies and their commercial real estate needs. According to an offering document obtained by The Registry, the space is located at 5001 Executive Parkway and totals 335,893 square feet.
The property is currently being marketed by brokerage firms CBRE and Cushman and Wakefield. As of this writing, neither firm has returned The Registry’s request for comment.
The property is part of San Ramon’s 585-acre Bishop Ranch office campus, which offers on-site landscaped trails, fitness center, restaurants and conference center, among other amenities. The campus is also adjacent to 2600 Round House Market as well as City Center.
The building—also known as BR2600—includes 100,000 square foot floorplates, divisible for multi-tenant use if needed, modernized elevators, modernized connectivity services and connection to a 150,000 square foot amenity hub. The amenity hub has ten meeting rooms and a 330-person auditorium, as well as a café. The plug-and-play space, according to CBRE and Cushman and Wakefield, is one of the largest contiguous Class A office blocks in the East Bay.
“The serene 585-acre Bishop Ranch campus, surrounded by the rolling hills of the San Ramon Valley, is a next-generation workplace that embraces the way people work today,” states the Bishop Ranch 2600 website. “This is a whole new standard for working lifestyles—a place that promotes inspiration and creativity in perfect harmony with its lush, natural setting. A place where focused productivity blends seamlessly with light-filled, tree-lined spaces, and where the dynamic, energetic flow of ideas is reflected in the sparkling clarity of fountains and a lake.”
The sublease would run through December 31, 2028, and the offering document describes AT&T as a “motivated sublessor.” Other current Bishop Ranch tenants include Chevron, SAP, GE Digital, Accela and Five9.
According to the Bishop Ranch 2600 website, the location is ideal for a number of reasons: there is no payroll tax in San Ramon, while rental rates in the East Bay tend to be more affordable. San Ramon also has the second-highest concentration of computer engineering professionals in the Bay Area, only behind Silicon Valley. Employment in the submarket is also expected to increase by 21 percent in the coming years, as the Tri-Valley continues to grow. In all, the campus can accommodate 8,000 employees.