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.

Completed in 2002

Charter Properties (Polycom)

Willow Road

50,297

SafeAmerica Federal Credit Union

Chabot/Gibralter

25,642

Under Construction

Hopyard Plaza

Hopyard Road

44,250

PeopleSoft

Owens Drive

185,702

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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