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, saw a positive bounce in activity in August following a summer slowdown. The tenant community continues to thrive, generating notable achievements across healthcare, technology, nonprofit, and professional services sectors, underscoring Hacienda’s resilience and appeal in a dynamic market.

Occupacy & Leasing

After the slowdown earlier in the summer, August brought a modest bounce in activity at Hacienda. Total occupancy rose to 6,631,134 square feet, up from 6,602,979 square feet in July, marking a partial recovery beating June’s occupancy of 6,628,368 square feet. Leasing activity continued to be led by the smallest spaces, with units under 10,000 square feet accounting for 88% of the total volume and 48.1% of transactions. Mid-sized spaces between 10,000 and 50,000 square feet made up the remaining 12% of the volume and 51.9% of transactions, underscoring steady demand in this category. While the shift is incremental, the gains suggest that tenants are cautiously re-engaging the market, with interest balanced across both small and mid-sized footprints.

Hacienda continues to attract a wide range of tenants, underscoring the development’s depth and versatility. Hall Law Group established new offices at 4750 Willow Road, strengthening Hacienda’s reputation as a hub for professional services. At Rosewood Commons, Calyxo, Inc., a medical technology innovator, added to the area’s growing concentration of health-focused companies. Teleflex, a global leader in medical technologies, also secured space at Britannia Business Center II, reinforcing Hacienda’s role as a destination for life sciences and advanced industries. Beyond these sectors, the arrival of Learn and Play Montessori School broadened the community’s educational offerings, while Spirit Halloween introduced a dynamic seasonal retail presence, reflecting the diversity of businesses finding value in Hacienda.

Hacienda maintains its appeal to businesses spanning many industries, with business services maintaining the largest footprint at 1,823,342 square feet of occupied space. Biomedical firms rank next, holding 1,163,099 square feet, followed by manufacturing tenants with 471,332 square feet and healthcare organizations with 392,522 square feet. Complementing these core sectors is a wide-ranging tenant community that includes retail, hospitality, software, education, and consumer goods, collectively reinforcing Hacienda’s adaptability and its role as a key employment hub within the Bay Area.

While leasing activity has moved at a measured pace, Hacienda continues to demonstrate its long-term value through high-profile commitments from major tenants. A prime example is online scheduling startup Vagaro, which recently signed a 75,000-square-foot lease at 4430 Rosewood Drive—the largest lease completed along the I-680 corridor this year. Over the past 12 months, Hacienda has also secured several other significant transactions, including Sutter Bay Medical Foundation’s 64,222-square-foot lease at 4480 Willow Road, Acco Engineered Systems Inc.’s 67,757-square-foot lease at 5890 Owens Drive, and Sutter Health’s Palo Alto Medical Foundation’s 23,000-square-foot commitment at 5075 Hopyard Road, part of its broader expansion strategy through more than 25 new ambulatory care centers. Renovations for these medical facilities are slated to begin this year, with openings planned for 2026 and 2027, underscoring Hacienda’s role as a long-term hub for growth and investment.

“After a quieter start to the summer, we are encouraged to see activity pick up again in August,” said James Paxson, Hacienda’s General Manager. “The incremental increase in occupancy and balanced demand across both small and mid-sized spaces reflect tenants cautiously re-engaging the market. At the same time, the range of new commitments, from innovative life sciences firms and professional services to education and retail, demonstrates Hacienda’s unique versatility. These recent additions, combined with high-profile leases like Vagaro, underscore not only Hacienda’s resilience but also its enduring role as a major employment hub for the Bay Area.”

Recent News From Hacienda Tenants

Hacienda continues to showcase a wide array of tenant achievements, highlighting notable developments and milestones across healthcare, nonprofit, and technology sectors.

Stanford Health Care Tri-Valley, a Hacienda tenant since 2015 following the merger of ValleyCare Health System with Stanford Medicine, has significantly expanded its presence in the region, including a 200,000-square-foot facility in the Hacienda Lakes complex acquired in 2022 that houses a Stanford Medicine Partners clinic and will host the family medicine residency program starting June 2025. Over the past decade, the organization has advanced patient care through the certification of its primary stroke center, the opening and expansion of specialty centers such as the Heart and Vascular Clinic, Orthopaedics and Sports Medicine, and the Cancer Center, and the initiation of 14 research studies across multiple disciplines. Ongoing and planned developments include a 66,000-square-foot emergency department expansion, an ambulatory surgery center slated for 2027, and new advanced diagnostic and treatment technologies, including robotic bronchoscopy and spinal care devices.

TeamLogic IT, a national provider of advanced technology solutions, has been a Hacienda tenant since September 2019, offering managed IT services, cybersecurity, cloud, business continuity, and consulting to help companies run more efficiently and securely. The company, which celebrated 20 years of franchise growth in 2025, experienced 15% comparative sales growth in 2024 and has earned numerous accolades, including recognition as a Fastest-Growing Large Private Company by the Orange County Business Journal, a top global managed service provider in the 2024 Channel Futures MSP 501, and the number-one IT Services franchise in Entrepreneur magazine’s 2024 and 2025 Franchise 500. With more than 300 locations and 1,500 technicians across North America, TeamLogic IT combines emerging technologies with a client-focused approach, helping businesses minimize downtime, improve productivity, and secure their IT infrastructure while reinforcing its reputation as a leader in the IT services industry.

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) 734-6500phone(925) 734-6501fax
info@hacienda.org e-mail     www.hacienda.org WWW