SAN RAMON, Calif. – Sunset Development Company, developer, owner, and manager of Bishop Ranch, is pleased to announce that 2600 Camino Ramon, featuring up to 1,000,000 sq. ft. of renovated, flexible office space, is now available for lease.
Owned and managed by Sunset Development in partnership with MetLife, a global real estate investment company, 2600 is located at 2600 Camino Ramon in the heart of San Ramon’s thriving Bishop Ranch, a premier workplace within the Bay Area. The largest office building in the Bay Area, 2600 is a 1,800,000-square-foot, four-story building with four interconnected wings amidst a 100-acre park-like setting. Once fully occupied by AT&T, which remains a sizeable tenant, the building has undergone a significant renovation. Two wings, each with four 100,000-plus square-foot floor plates, are now offered for lease for the first time.
“With 1,000,000 square feet currently available for lease in a single property, 2600 is a one-of-a-kind opportunity for both established and growing companies needing 100,000 square feet or more of the highest quality space available,” said Alexander Mehran Jr., president and chief operating officer of Sunset Development Company. “In contrast to the soaring occupancy costs and limited options in San Francisco and Silicon Valley, our renovated building offers a tremendous value with its density ready design, new infrastructure and first class amenity package, all delivered at a cost that is a fraction of what companies are paying in the city.
“The Tri-Valley, and in particular San Ramon, has done a great job of building high quality homes and schools over the last decade,” added Mehran. “That has attracted a labor pool that is second to none and those workers want to work close to their families. In my mind that is the number one source of value we provide.”
According to Mehran, 2600 is “built to last, providing a sustainable next-generation workplace environment that supports collaboration, creativity and connection.” 2600 features high ceilings, natural light, access to views and the new Town Hall central area that “provides the perfect place to congregate and socialize during the workday, or host a 400-person event in the auditorium. At 2600, executives can have the large meeting spaces they need once or twice a year to address their teams without paying to build it just to sit vacant 99 percent of the time.” Sunset Development and MetLife’s capital program augmented the building’s high quality construction with fully modernized infrastructure and finishes including a new central plant that utilizes cooling towers rather than the lake. According to Mehran, “2600 was built to very high standards, far higher than any developer would use today anywhere. Not all of the building’s systems stood the test of time and we are replacing those items, so in many regards tenants are getting a building that is better than new.”
Fueled by demand from technology companies and limited supply, average rent for office space in San Francisco is climbing toward levels not seen since the dot-com boom of the 1990s. The average commercial rent in San Francisco hit $59.28 per square foot in the second quarter of 2014, a 14 percent year-over-year increase. Increasing costs, greater demand, and limited supply across San Francisco and throughout the Bay Area, underscores the opportunity of 2600. Sunset and MetLife are asking $34 per square foot at 2600, which when combined with the tax structure of San Ramon and employee cost of living reductions, creates a compelling value package.
“2600 offers a benchmark for what companies can offer employees: an amazing workplace providing the best of the city in a community that keeps employees close to home,” said Ed Hagopian, executive vice president of Sunset Development Company, and responsible for leasing at Bishop Ranch. “Plus, 2600 provides companies a workplace with an unmatched value and delivery schedule, as well as space built for today’s high-density user with robust new infrastructure, density-ready features and ultra-high quality construction.”
The heart of the 2600 will be the Town Hall, a meeting and gathering place featuring multiple restaurant concepts created and operated by Moana Restaurant Group. Dining options will include a full service, farm-to-table American Gastropub concept, Mexican and Asian “food truck” venues, an all natural, organic “grab-and go” outlet and a cafe featuring artisan coffees and teas.
Tenants also have access to a 300-seat auditorium; intimate lecture halls and a lounge space ideal for conferences, seminars and special events; a bike-to-work facility; and more. A spacious dining and fitness pavilion provides a variety of amenities overlooking a sparkling lake.
City Center at Bishop Ranch will open adjacent to 2600 Camino Ramon. Designed by world-renowned architect Renzo Piano, this center will have 60+ stores and restaurants along with a luxurious movie complex all surrounding a civic-minded Piazza that will be a gathering spot for the entire region.
Bishop Ranch’s fully staffed transportation office provides the best privately sponsored transit program in the United States, shuttling 30,000 Bishop Ranch employees to the park each day. Luxury shuttles carry employees to and from San Francisco and Silicon Valley and express busses link Bishop Ranch to every peak hour BART and ACE train. Bishop Ranch recently launched its own BRite Bike sharing system, operates a BMW Drive Now car sharing and a park-wide EV charger network.
2600 is located in the thriving, pro-business community of San Ramon, known for neighborhoods with a variety of housing options and quality schools. It boasts the highest balance of school quality to housing affordability in the Bay Area.
The world-class team appointed to develop thismilestone project at Bishop Ranch includes Skidmore, Owings & Merrill, a noted architecture firm; celebrated Italian architect Renzo Piano, who is designing City Center at Bishop Ranch; Interior Architects, a global firm focused exclusively on interior architecture; and, Vanderbyl Design, an internationally known interdisciplinary design firm developing a new identity and environmental graphics. Tom Leader Studio, award-winning landscape architects, is seamlessly integrating building and landscape design.
About Bishop Ranch
Established in 1978 by Sunset Development Company, Bishop Ranch is a 585-arce mixed-use business community in San Ramon, Calif., comprised of 10 million square feet of buildings. As the premier business address in the San Francisco Bay Area, more than 650 of the world’s leading companies, innovative startups, and medical and dental practitioners make their home in the thriving professional business community of Bishop Ranch. The recipient of many awards, including The Urban Land Institute’s Award for Excellence, Bishop Ranch is home to many Fortune and Global 500 companies, namely AT&T, Chevron, Pacific Gas & Electric, General Electric, Toyota and Bank of the West, as well as exciting small businesses in growing areas such as social media, software and clean tech. www.bishopranch.com