For Immediate Release

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

PLEASANTON, Calif. — Hacienda is reporting over 110,000 square feet of transactions for the year as of the close of the third quarter with more activity expected before the end of 2020. Net absorption year-to-date over the close of 2019 remains positive. The park is the largest mixed-use development of its kind in Northern California.

“We remain encouraged by the activity we have seen so far this year given the extraordinary circumstances confronting our businesses and economy as a result of the Covid-19 pandemic and related response measures. Hacienda's overall occupancy rate remains slightly above the rate seen at the end of 2019” notes James Paxson, Hacienda’s general manager. “While the pace of activity has slowed considerably, we are still seeing active interest in the development and have some good prospects for new tenant arrivals before the end of the year. Investment in properties is also continuing with a number of sites actively involved in tenant improvements.”

Several significant transactions occurred during the third quarter. Leases were initiated by companies in a variety of business segments, including: Stanford Health Care - ValleyCare (Healthcare), PetersenDean (Energy), Altamont Winds, LLC (Energy) and Lennar Title (Real Estate).

While no new development projects are currently under construction, projects are proceeding at existing buildings with more in the planning stages. Currently, major tenant and site improvement work is occurring at several locations including: 4225 Hacienda Drive, 4750 Willow Road, 5890 Owens Drive and 5672 Stoneridge Drive.

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 2019 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 660 companies that locally employ approximately 19,300 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 5,800 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