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Darren Richman Of Millrose Properties Purchases 11-Acre Office Campus In San Ramon For $50M

Property Image
SOLD
$50,000,000

California

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Office
Sold 04/23/2025
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Property Image
SOLD

Darren Richman Of Millrose Properties Purchases 11-Acre Office Campus In San Ramon For $50M

2301 Camino Ramon

See Similar Deals
Office
Sold 04/23/2025
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Office
Transaction Type:Sale

The 11-acre Bishop Ranch 11 office campus located at 2301 Camino Ramon in San Ramon has been acquired for $50 million. This property is categorized as an office asset and is situated in an evolving market that is undergoing significant changes.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $50,000,000
  • Buyer: Darren Richman - Millrose Properties
  • Seller: Alex Mehran Jr. - Sunset Development
  • Acres: 11
  • Market: San Ramon

The acquisition involved plans by Millrose Properties' partner, Trumark Homes, to redevelop the site into 195 homes. This effort aligns with Sunset Development's CityWalk Master Plan, aimed at converting office space into housing in Bishop Ranch.

Players

SD
Sunset Development
SELLER

Details

SOLD
IMAGE: Darren Richman & Alex Mehran Jr. DATE: 04/23/2025 ADDRESS: 2301 Camino Ramon MARKET: San Ramon ASSET TYPE: Office ~ ACRES: 11 BUYER: Darren Richman - Millrose Properties SELLER: Alex Mehran Jr. - Sunset Development SALE PRICE: $50,000,000 NOTE: Millrose Properties bought the 11-acre Bishop Ranch 11 office campus in San Ramon from Sunset Development for $50M, with plans by partner Trumark Homes to redevelop the site into 195 homes. The deal is part of a broader push to convert office space in Bishop Ranch into housing under Sunset's CityWalk Master Plan.

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