Chevron, which sold its 1.3-million-square-foot corporate headquarters, Chevron Park, back to Sunset Development in 2022, now seeks to exit its remaining office space at Sunset’s Bishop Ranch in San Ramon after moving headquarters to Houston last year. The energy giant listed for sublease its entire 400,000-square-foot footprint in Bishop Ranch at 5001 Executive Pkwy., sources familiar with the matter told the San Francisco Business Times.
The sublease listing comes after several of Bishop Ranch’s biggest tenants have downsized their footprints significantly in recent months, as the corporate office park repositions itself into a mixed-use community, tearing out office space and replacing it with residential and retail spaces. Sunset Development plans to build 8,000 new homes by 2040, the Business Times reported.
That said, Bishop Ranch said last month it signed 15 new leases in the first half of 2025 totaling 254,000 square feet, and another 37 lease renewals.
The post Chevron Lists Remaining 400K SF at Bishop Ranch for Sublease appeared first on Connect CRE.
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