Published January 21, 2003
Volume 11, Number 1

Hacienda Adds Two New Facilities in 2002, with More Under Construction  

Hacienda continued to see some new development in 2002. Nearly 76,000 square feet of space was completed while construction commenced on another 230,000 square feet. No new projects were approved during 2002.  However, plans for both expansion and redevelopment are currently in process on several sites.

Hacienda saw both losses and gains during 2002. However, given the overall economy and problems seen in other real estate markets, the park did quite well. With leasing and occupancy from new construction, lease renewals and new leases, Hacienda tenants absorbed more than 500,000 square feet. At the close of the year, the park’s vacancy rate stood at 8.4 percent for office space and 9.6 percent overall. 

SafeAmerica Credit Union's new facility serves as both a branch and
the corporate headquarters.

Completed in 2002
Charter Properties (Polycom) Willow Road 50,297
SafeAmerica Federal Credit Union Chabot/Gibralter 25,642

Polycom's new corporate headquarters was completed and occupied in 2002.

Under Construction
Hopyard Plaza Hopyard Road 44,250
PeopleSoft Owens Drive 185,702

Hopyard Plaza
The handsome Hopyard Plaza building is nearing completion.

PeopleSoftThe latest expansion to the PeopleSoft campus is under construction on Owens Drive. 

Summary of Major New Leasing Activity in 2002
(not related to new construction or lease renewals)

Safeway Rosewood Drive 137,387
ValleyCare Medical Center W. Las Positas Blvd. 54,078
CPU Tech W. Las Positas Blvd. 41, 447
Prudential California Realty W. Las Positas Blvd. 20,668
H&R Block Mortgage Hacienda Drive 18,202

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