For Immediate Release

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

PLEASANTON, Calif. — Hacienda, the largest business development of its kind in Northern California, has experienced a slight dip in occupancy this month. Despite declines in occupancy over the prior month, reflective of the broader market, the tenant community continues to generate exciting and positive news.

Occupacy & Leasing

As the commercial real estate market continues to face uncertainty, early signals in 2025 point to a cautious approach among Hacienda tenants. In June, the development saw a modest dip in monthly occupancy, decreasing to 6,628,368 square feet from 6,695,113 square feet in May. Leasing activity during the month was dominated by smaller spaces: transactions involving units under 10,000 square feet made up 94.12% of all deals and 70.6% of the total square footage leased. Meanwhile, mid-sized spaces ranging from 10,000 to 50,000 square feet represented 5.88% of transactions and 29.4% of the volume. These figures reinforce the ongoing trend of tenants opting for smaller, more adaptable spaces in response to shifting operational needs and continued economic uncertainty.

Despite a slower leasing pace, Hacienda continues to demonstrate strong long-term value through high-profile commitments from major tenants. A standout example is online scheduling startup Vagaro, which recently signed a 75,000-square-foot lease at 4430 Rosewood Drive, making it the largest lease transaction completed along the I-680 corridor this year. Over the past year, Hacienda has secured several other significant deals that reinforce its enduring appeal to major users. Notably, Sutter Bay Medical Foundation leased 64,222 square feet at 4480 Willow Road, Acco Engineered Systems Inc. took 67,757 square feet at 5890 Owens Drive and Sutter Health’s Palo Alto Medical Foundation committed to 23,000 square feet at 5075 Hopyard Road as part of its broader strategy to expand access through more than 25 new ambulatory care centers. Renovations for these medical facilities are scheduled to begin this year, with openings planned for 2026 and 2027, underscoring Hacienda’s role as a long-term hub for growth and investment.

In 2025, Hacienda welcomed several notable tenants that highlight the continued diversity and strength of its business community. Hall Law Group established its presence at 4750 Willow Road, reinforcing the area's appeal to professional services. Calyxo, Inc., a medical technology company, joined the tenant roster at Rosewood Commons, contributing to the growing cluster of innovative health-focused firms in the development. Additionally, Teleflex, a global provider of medical technologies, secured space at Britannia Business Center II, further underscoring Hacienda’s role as a strategic location for advanced industries and life sciences.

Hacienda continues to attract a wide range of industries, with business services leading the way at 1,823,342 square feet of occupied space. Biomedical companies follow closely, occupying 1,163,099 square feet, while manufacturing and healthcare tenants account for 471,332 and 392,522 square feet, respectively. This strong foundation is bolstered by a diverse tenant base that spans retail, hospitality, software development, education, and consumer goods, underscoring Hacienda’s resilience and its position as a vital employment center in the Bay Area.

"While the current market reflects a cautious tone, especially among tenants seeking smaller, more flexible spaces, Hacienda’s long-term fundamentals remain exceptionally strong," said James Paxson, Hacienda’s General Manager. "We are seeing continued investment from major users like Vagaro, Sutter Health, and Acco Engineered Systems, which speaks to the enduring value of our location and the strength of our infrastructure. With a diverse and growing tenant base across key industries—including life sciences, healthcare, and professional services—Hacienda remains a resilient and vital hub for business in the Bay Area."

Recent News from Hacienda Tenants

Hacienda's diverse tenant community continues to achieve significant milestones across multiple industries. Nous Infosystems, a global digital solutions leader and tenant since late 2020, was recognized as a Major Contender in Everest Group's 2025 PEAK Matrix Assessment for Banking and Financial Services IT Specialists, highlighting its expertise in AI-powered digital transformation solutions. New Era Technology, a managed service provider employing over 4,500 people worldwide since joining Hacienda in 2013, earned recognition on CRN's prestigious MSP 500 Elite 150 list and announced a strategic AI partnership with Accrete to enhance IT service management through expert AI agents. Meanwhile, Nuvision Credit Union completed a major merger with SafeAmerica Credit Union in February 2025, creating a $3.8 billion financial institution serving 200,000 members across 36 branches while launching a comprehensive Financial Wellness Center to provide members with interactive financial planning tools and resources.

City of Pleasanton

Pleasanton's demographics reveal a highly educated workforce, with over 85% of residents attending college and nearly 70% holding a college or professional degree. The city also enjoys a high household income, with over 75% of households earning more than $75,000 annually. Pleasanton is a young city, with nearly a third of the population under 19 and over a quarter aged between 20 and 54, indicating a substantial portion of residents in their prime career years. The city boasts a rich history and character showcased in its picturesque downtown, reflecting its commitment to a high quality of life. Hacienda exemplifies this with its excellent educational facilities, abundant recreational activities, and a favorable climate for enjoying sports facilities, parks, and golf courses.

Hacienda 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 2020 US Census and 2023 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

People come to the San Francisco Bay Area for many reasons: a spectacular natural setting, a sophisticated lifestyle, and unique professional opportunities. Quality of life means having the best of everything within easy reach, whether it's world-class restaurants, theater and museums, the best learning institutions in the country, or some of the finest services available.

Quality of life applies to business, too: having easy access to needed resources, being among other industry leaders, and knowing that you are part of a region that leads the world in innovation. When working and living environments both enhance quality of life, the result is an unbeatable combination that leads to success; and that is what you will find at Hacienda.

Centered in a dynamic region and propelled by the Standard Metropolitan Statistical Areas of San Jose, Oakland, and San Francisco, the Bay Area is a robust economic region. Hacienda, located near the center of the Bay Area in Pleasanton, spans 875 acres and is home to over 630 companies employing approximately 14,500 people. In addition to being a hub for business, Hacienda also features homes for about 6,000 residents, offering a full spectrum of residential choices.

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