Contact: James Paxson, General Manager Hacienda Owners Association 925.734.6500
PLEASANTON, Calif. - Hacienda is reporting a good mix of activity during the first quarter of 2014. While occupancy varied somewhat across different sectors, several new tenants were added to the project and investment activity showed a marked increase. The park is the largest mixed-use development in Northern California.
"Hacienda saw slight decreases in occupancy in the office and flex sectors but saw an increase in occupancy in the retail sector" said James Paxson, Hacienda's general manager. "Perhaps more importantly, during the first quarter, Hacienda saw a significant increase in investment activity with one sale completed at the beginning of the year and at least two more expected during the second quarter. These transactions are an important indicator of the continued value investors and users see in a Hacienda location."
Several notable leasing transactions occurred during the First Quarter. Tenant commitments were made by companies in a variety of business segments, including: IC Engineering (engineering), Intero Real Estate Services (real estate), and Randstad Finance (staffing and recruiting).
The following overview provides information on the most recent Hacienda activity pertaining to occupancy, tenants, sales and regional data of interest. Please also refer to selections found under the Project Overview section of our web site for related information.
Hacienda is the largest development of its kind in Northern California. Over 10 million square feet of existing, mixed-use space is occupied by some 550 companies that locally employ approximately 17,600 people. Hacienda's businesses represent the best and the brightest of contemporary corporate America and provide the home to everything from small offices to regional centers to large campuses for company headquarters. In addition, Hacienda also features homes to some 3,900 residents. Residential developments also provide a full spectrum of choices from stylish rental units to single family detached homes.