GE Digital leads the way among recent lease activity at Bishop Ranch, with the software arm of GE this month agreeing to increase its office space in the San Ramon business park to form its new global headquarters.
Bishop Ranch operator Sunset Development Co. announced earlier this month that GE Digital would be leasing 100,000 square feet in the 2600 building, in addition to its existing presence of 1,700 employees working in 240,000 square feet in Bishop Ranch 3.
GE Digital's Bishop Ranch offices will now serve as its global headquarters, led by CEO Bill Ruh, Sunset Development officials said. Financial terms of the lease agreement were not disclosed.
"Bishop Ranch has been our home since 2011, and we look forward to continued growth here," said Mike Karim, general manager, Global Foundries for GE Digital. "Our location has been instrumental in helping us build our organization, in addition to establishing a diverse ecosystem of customers and partners."
Formed by GE in 2009 as its new software offshoot, GE Digital established its regional offices at Bishop Ranch 3 about five years ago.
The existing Bishop Ranch 3 space will also house GE's Digital Foundry, a hub that allows GE Digital to incubate industrial internet startups, collaborate with customers on application development and extend and promote GE's international developer ecosystem, Sunset Development officials said.
The addition of GE Digital is among a series of recent tenant activity that has led the marquee 2600 building toward a leasing milestone, according to Alexander Mehran Jr., president and chief operating officer of Sunset Development.
"With GE Digital's expansion, we have now leased a half million square feet at 2600," Mehran said in a statement. "We're honored that so many companies, both large and small, have decided to relocate or to expand their presence at Bishop Ranch. We continue to work tirelessly to create an environment that meets the growing needs of today's worker at a quality level that Bay Area residents expect."
Last month, Sunset Development announced that Rodan + Fields, a skincare brand and social commerce innovator, agreed to lease 150,000 square feet of office space in the 2600 building.
Rodan + Fields is scheduled to move in by March 1, an expansion that will more than double the company's Bay Area presence, Sunset Development officials said. Financial terms of the lease were not revealed.
"Rodan + Fields' expansion into the East Bay is the latest example of a company from another market recognizing the quality and value of the workplace environment at Bishop Ranch," Mehran said.
"Busy professionals are integrating work and life more than ever. Bishop Ranch offers a unique workplace with abundant amenities as well as close proximity to high-quality housing and schools at a reasonable price," he added.
Other notable lease deals at the 2600 complex include SAP, BlackBerry, Applied Underwriters, TruMark and Systema, according to Sunset Development.
Owned by Sunset Development and partner MetLife, the 2600 complex at 2600 Camino Ramon is comprised of four interconnected buildings with 1.8 million square feet of LEED Gold-certified office space and other amenities on a park-like campus in the heart of Bishop Ranch.