For Immediate Release

Contact: James Paxson, General Manager
Hacienda Owners Association
(925) 734-6500

PLEASANTON, Calif. — Hacienda has continued to see a steady flow of tenant activity during the first half of 2018. However, with the repositioning of several properties, net absorption declined by around 45,000 square feet since the close of 2017. Over 200,000 square feet of activity has been seen so far this year. The park is the largest mixed-use development of its kind in Northern California.

"With some recent moves and changes, Hacienda has seen a slight decrease in occupancy in the Office and Office/Flex sectors over the last few months. Activity in the market suggests that these will be temporary as new opportunities are being discussed with different projects" said James Paxson, Hacienda's general manager. "Our existing tenants are still showing signs of growth so, in addition to new tenants relocating from other areas, current businesses will likely be looking to Hacienda to fill their future needs as well."

Several notable transactions occurred in the first half of 2018. Major commitments were made by companies in a variety of business segments, including: Re/Max Accord (Brokers), Catholic Management Services (Community), Global Syn-Turf (Consumer Goods) , Precision Cabinets (Consumer Goods), Neotract (Biomedical), and Barrick Gold Corporation (Mining).

A number of large construction projects are currently in progress, or have recently completed, in Hacienda. Work is under way on improvements for the Rosewood Commons facility related to new tenants arriving at that site and construction was completed at the new Starbucks facility on Owens Drive. Work on the Summerhill Homes Andares residential community, consisting of 94 quality condominium units, continues.

Overview

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.

Park Activity

• Occupancy and Major Tenant Transactions {Summary of occupancy information and major tenant activity}

• Development {Summary of development approvals and project construction information}

• Sales {Summary of project sales}

General

• Population {Summary of employee and residential population}

• Land Use Summary {Summary of activity by land use}

• Demographics (Area and Community) {Summary of demographic characteristics from 2010 US Census and 2016 American Community Surveys}

• Valuation {Summary of valuation}

Projects and Tenants

• Property Profiles {Summary of project specific information}

• Business Directory {Summary of businesses located in Hacienda}

About Hacienda

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 687 companies that locally employ approximately 19,900 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 5,700 residents. Residential developments also provide a full spectrum of choices from stylish rental units to single family detached homes.

Contact Information

Hacienda Owners Association
4305 Hacienda Drive, Suite 330, Pleasanton, California  94588-2738
(925) 734-6500 phone     (925) 734-6501 fax
info@hacienda.org e-mail     www.hacienda.org WWW