For Immediate Release

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

PLEASANTON, Calif. — Hacienda saw net positive absorption during the first half of 2020 over the close of 2019. Tenant activity has continued to proceed at a decent pace with just over 40,000 sf of net gain in occupancy for the year. Even with retail vacancies slightly higher than the close of 2019, increases in office space occupancy of one percent over the close of 2019 and flex space occupancy of approximately a third of a percent over the close of 2019 have combined to increase overall occupancy in Hacienda to 87.34%. Tenant transactions consisted of both new incoming tenants and relocations of existing tenants within the development. The park is the largest mixed-use development of its kind in Northern California.

"With the changing conditions brought on by the COVID-19 pandemic and related response measures Hacienda finds itself, along with everyone else, faced with a future filled with uncertainty. We are fortunate that we continue to see activity and interest even with the very real obstacles our businesses have confronted over the last four months" said James Paxson, Hacienda's general manager. "Our tenants are continuing to respond as required to meet health and safety needs but are also clearly challenged by the restrictions on their operations. Despite this, we continue to see signs of innovation and fortitude that indicate that, where possible, our tenants are finding ways to function."

Major transactions to date in 2020 were seen involving companies in a variety of business segments. Activity includes: Vivint Solar (Consumer Goods), Epic Industries (Consumer Goods), Kalera Medical (Biomedical), and Vector Atomic (Telecommunications).

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 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 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