SAN RAMON — Chevron has sold its vast San Ramon headquarters campus to veteran Bay Area developer Sunset Development in a deal that will keep the oil titan’s home base in the East Bay city.
Sunset Development, the principal owner and developer of Bishop Ranch, a mixed-use office, retail and restaurant complex in San Ramon, said Chevron’s new headquarters will be at BR 2600, a giant office center within the business park.
San Ramon-based Chevron became one of the first occupants of San Ramon’s Bishop Ranch business park in the early 1980s when it bought a 92-acre site that eventually came to be known as Chevron Park.
“It’s exciting to reacquire this important piece of land from our largest- and longest-standing customer we started with over 40 years ago,” said Alex Mehran Jr., principal executive with Sunset Development.
The development firm, one of the Bay Area’s legendary real estate companies, views the Chevron site near the interchange of Interstate 680 and Bollinger Canyon Road as an essential component of Bishop Ranch’s future.
“This parcel is at the gateway to Bishop Ranch and will be a key part of our planning as we create a distinct California community,” Mehran Jr. said.
San Ramon-based Chevron intends to create a reimagined workplace at the offices it will lease within the BR 2600 building, a vast complex that once was owned by one-time telecommunications behemoth Pacific Bell.
“Just as Chevron continually strives to evolve our operating model, we also seek to optimize our real estate portfolio,” said Mary Boroughs, president of Chevron Environment Management and Real Estate Co.
Chevron has hired NBBJ, an architecture firm, to design its new headquarters at the BR 2600 campus.
“Moving our headquarters to a new, modern leased space nearby provides the opportunity to create an improved employee experience in a more contemporary environment,” Boroughs said.