For Immediate Release

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

PLEASANTON, Calif. — Hacienda saw net positive absorption during the first quarter of 2020 over the close of 2019. Tenant activity proceeded at a good pace with approximately 40,000 sf of net gain in occupancy. Despite a slight increase in retail space vacancy in the first three months, increases in office space and flex space occupancy combined to increase overall occupancy in Hacienda to 87.28%. 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.

"We are certainly encouraged by the first quarter activity but also recognize that the subsequent effects of the COVID-19 pandemic and the response to this event present a number of significant challenges that will likely be seen throughout the balance of the year" said James Paxson, Hacienda's general manager. "Currently, our businesses are focused on responding to the pandemic by taking the necessary actions to insure the safety of their employees and the community at large. However, over the last several weeks, we have seen encouraging signs of adaptability and resourcefulness as part of this response and believe that the resilience that our business community has always displayed will be present in the current crisis as well."

Major transactions to date in 2020 were seen involving companies in a variety of business segments. Activity includes: Packet Fusion (Telecommunications), State Farm Insurance (Insurance), Inscripta (Biomedical), Chabot Las Positas College District (Education), Accelight Technologies, Inc. (Manufacturing), Cupertino Electric (Construction Contractors), Joyful Kids Club (Tutoring), and ACCI (Business Services).

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 650 companies that locally employ approximately 20,000 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 nearly 6,000 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