In March, after SamTrans announced it would be vacating its San Carlos headquarters, Caltrain began exploring options to lease or purchase office space near a Caltrain station. After extensive deliberation, the Caltrain Board of Directors determined that the facilities at the new Millbrae office best meet its needs. The office would also be directly next to Caltrain, BART and SamTrans.
“Our new headquarters will provide the modern facilities and convenient location our team needs, with seamless access to the Millbrae Transit Station and the entire Caltrain corridor. After a thorough evaluation of several options, we believe this is the best choice for Caltrain,” Caltrain Executive Director Michelle Bouchard said in a statement.
Caltrain will be on the fourth floor and use about 26,500 square feet of the new 180,000-square-foot SamTrans headquarters. Caltrain has agreed to a 10-year lease term that will begin at the same time SamTrans begins occupying the space, with two five-year options to extend the lease.
SamTrans acquired the building in December 2023 through a lease-to-purchase agreement at a cost of $126 million. The building is located in a transit-oriented development on property owned by BART and is subject to a 99-year ground lease with BART. The property is adjacent to the Millbrae Transit Center which serves Caltrain, BART and SamTrans.
(1) comment
Finally a smart move using synergy to safe some money. Now it's time to sell the old HQ in San Carlos and reinvest that money into local service upgrades at SamTrans.
Next step would be to combine SamTrans and Caltrain to increase synergies and combine two Transportation agency - one focusing on regional transportation, one going back and focusing on local transportation and syncing their schedules.
Step three is then to merge with BART and some of the others, so we have to pay fewer outlandish CEO salaries for people that behave like they are paid by Ford and GM rather than working for their customers.
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