Chevron is pursuing a sublease of office space at the Bishop Ranch mixed-use neighborhood in San Ramon, aiming to decrease its Bay Area footprint. The energy company previously sold its Chevron Park complex, converting it into a residential and commercial area known as The Orchards. Following its move to Texas, Chevron's decision to lease space at Executive Parkway marks a significant change in its operational strategy. This move contributes to the ongoing transformation of Bishop Ranch from an office-centric area to a vibrant residential and retail community.
Chevron is seeking to sublease a large amount of office space at an East Bay business hub to reduce its Bay Area footprint, transitioning from its former headquarters.
Sunset Development purchased Chevron's 92-acre Chevron Park complex for $174.5 million, redeveloping it into a neighborhood called The Orchards with residential units, retail, and parks.
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