For Immediate Release
Contact: James Paxson, General Manager Hacienda Owners Association 925.734.6500
PLEASANTON, Calif. - Hacienda saw another year of continued vacancy reduction in 2014. Over 575,000 sf of tenant activity occurred in Hacienda last year along with new project approvals and construction on three residential developments. Net tenant absorption totaled around 192,000 square feet. The park is the largest mixed-use development of its kind in Northern California.
"2014 marked a fourth year of positive growth, year over year, in Hacienda. We also saw a considerable amount of investment in the development showing, once again, that Hacienda is a place where business activity wants to occur" said James Paxson, Hacienda's general manager. "2015 is already poised to continue this trend with several new tenant announcements expected in the first quarter alone."
Major transactions in 2014 were seen by companies in a variety of business segments, including Morgan Stanley (financial services), Carl Zeiss' (expansion) (manufacturing), CooperVision (expansion) (biomedical), CalTrans (government), Ellie Mae (mortgage services), Veeva Systems (software development), Standard Pacific Homes (residential development), TriNet (business services), Innovate Pleasanton (business services), and Astex Pharmaceuticals (biomedical).
The following overview will provide you with 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 650 companies that locally employ approximately 17,500 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 4,000 residents. Residential developments also provide a full spectrum of choices from stylish rental units to single family detached homes.