SAN RAMON — Chevron has sold its sprawling 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 city of East Bay. .
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, an office center giant in 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 purchased a 92-acre site that eventually came to be known as Chevron Park.
“It is exciting to acquire this important piece of land from our largest and oldest client with whom we started over 40 years ago,” said Alex Mehran Jr., Senior Director of Sunset Development.
The development company, one of the Bay Area’s legendary real estate companies, sees the Chevron site near the Interstate 680 and Bollinger Canyon Road interchange as a vital part of Bishop Ranch’s future.
“This parcel is at the entrance to Bishop Ranch and will be a key part of our planning as we create a distinct California community,” Mehran Jr. said.
Chevron, based in San Ramon, intends to create a reimagined workplace in offices it will lease in the BR 2600 building, a sprawling complex once owned by former telecommunications giant Pacific Bell.
“Just as Chevron continually strives to evolve its operating model, we also seek to optimize our real estate portfolio,” said Mary Boroughs, president of Chevron Environment Management and Real Estate Co.
Chevron hired NBBJ, an architectural firm, to design its new headquarters on the BR 2600 campus.
“Moving our headquarters to a new, modern leased space nearby provides the opportunity to create an enhanced employee experience in a more contemporary environment,” Boroughs said.