As several Bay Area tech companies decamp to Texas, one of the region’s legacy institutions has decided to keep its global headquarters here.
, one of the region’s legacy institutions has decided to keep its global headquarters in San Ramon despite a growing presence in the Lone Star State.that its East Bay campus was for sale as it sought to downsize its office footprint. The nearly 100-acre property in San Ramon no longer was necessary as more and more employees have moved to the company’s Houston office in recent years.
“The current real estate market provided the opportunity to right-size our office space to meet the requirements of our headquarters-based employee population,” a Chevron spokesperson said. The buyer was familiar to Chevron, as it’s the same family-run company that sold it to Chevron in the early 1980s. Sunset Development purchased the 1.3 million-square-foot space for an undisclosed sum.
Chevron’s new headquarters will be in another office building Sunset owns, with space for up to 2,000 employees. The company said it was looking for something more contemporary and found it in the 400,000-square-foot lease.
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