Vaco leases 50K sf of offices at Bishop Ranch in San Ramon

Vaco, an executive recruitment and staffing firm, has inked a deal for a 50,000-square-foot office at Bishop Ranch in San Ramon.

The Tennessee-based company has begun moving into the offices at 2603 Camino Ramon, the San Francisco Business Times reported. 

Terms of the deal with Bishop Ranch owner Sunset Development, represented by broker Michael McCandless of Savills, were not disclosed.

The office, formerly occupied by GE Software, will serve 1,000 Vaco employees working in shifts as contract content moderators for a business Vaco identified only as the world’s third-largest social media platform. The firm has 10,000 employees at 45 offices around the world.

Vaco’s clients include Facebook, Hulu, and YouTube, according to its website. It has an office in Walnut Creek serving Bay Area-based clientele. 

Sunset Development said in the spring of last year it had leased 725,000 square feet of offices in the two years since the pandemic, with lease renewals appearing to make up the bulk of the deals.

Late last year, Sunset leased 400,000 square feet in Bishop Ranch to Chevron as part of a deal to buy the oil company’s 92-acre headquarters in San Ramon.

Five9, a cloud software provider, signed a 110,000-square-foot deal there in the summer of 2020.

And Pac-12 Networks signed a 42,000-square-foot lease at Bishop Ranch during the final quarter of last year. 

Bishop Ranch had 25.4 percent of offices available at the end of last year, according to Newmark. 

Sunset is now redeveloping underused offices within the park and at Chevron’s former headquarters campus into 3,000 homes, while adding 100,000 square feet of shops and restaurants.

— Dana Bartholomew

Read more

Commercial

San Francisco

Chevron sells 92-acre HQ in San Ramon to Sunset Development

Commercial

San Francisco

With Chevron deal, Sunset is “bullish on building” offices

Residential

San Francisco

Sunset could build 3K homes at former Chevron HQ in San Ramon