For Immediate Release

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

PLEASANTON, Calif. — While vacancy has increased just slightly over the close of 2021, there are promising signs for Hacienda given the recent activity in the market. Net occupancy has declined by just under a tenth of a percent since the beginning of the year. While office occupancy actually increased slightly over the quarter, both flex and retail space vacancies saw nominal increases. Regardless, tenant interest is still active and both new leases and expansions of existing tenants are expected soon. Over 36,000 square feet of transactions have occurred to date since January 1. The park is the largest mixed-use development of its kind in Northern California.

"Hacienda has seen a marked increase in tenant interest since the fourth quarter of 2021. This increase is beginning to translate into new leases. In addition to new tenants arriving at Hacienda, we are also learning of plans for the growth of some existing tenants," commented James Paxson, Hacienda's general manager. "We continue to be encouraged by the general level of market activity and feel confident that we will benefit from the attention that is currently being paid to the region as a premier place to locate a business. While there are still unknowns about how space occupancy and utilization will occur two years after the beginning of the pandemic, we are starting to see more people returning to the office. Other longer term indicators, such as new investment in property, are likewise encouraging. Hacienda has seen two sales since the beginning of the year and will see more before the end of the current quarter. This active level of investment underscores the fundamental value proposition of a Hacienda location."

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 640 companies that locally employ over 17,700 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 approximately 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