October 31, 2016
For Immediate Release
Contact: James Paxson, General Manager
Hacienda Owners Association
HACIENDA ABSORPTION GAINS MOVE FORWARD
THROUGH FIRST THREE QUARTERS OF 2016
PLEASANTON, Calif. — Hacienda is reporting continued strength in its market with year-to-date net absorption totaling nearly 295,000 square feet of space at the end of the third quarter. The third quarter results are consistent with the steady trend of positive net absorption seen over the last several years. The park is the largest mixed-use development of its kind in Northern California.
“2016 has seen solid absorption all year. In fact, Hacienda, at 7.5 million square feet of non-residential space, is now at its highest level of occupancy ever” said James Paxson, Hacienda’s general manager. “Hacienda has increased occupancy in all non-residential products by over 3.5% since the beginning of the year.”
Several significant transactions occurred during the Third Quarter. Major leases and acquisitions were initiated by companies in a variety of business segments, including: Ellie Mae (expansion), AVI-SPL (relocation and expansion), Employee Benefit Specialists (relocation and expansion), and PureRED Integrated Marketing (relocation).
A number of large construction projects are currently in progress in Hacienda. Work is under way on improvements for the Rosewood Commons facility related to new tenants arriving at that site and office construction is continuing on the new Roche Molecular Systems building at their campus off Stoneridge Drive. In addition, Hacienda has several residential projects currently under construction. Summerhill Homes is building 94 quality condominium units and two projects from Essex will bring over 500 new units of premium rental living to Hacienda.
The following overview provides 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.
Projects and Tenants
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 660 companies that locally employ approximately 19,000 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 some 4,300 residents. Residential developments also provide a full spectrum of choices from stylish rental units to single family detached homes.
Hacienda Owners Association
4305 Hacienda Drive, Suite 330, Pleasanton, California 94588-2738
(925) 734-6500 phone (925) 734-6501 fax email@example.com e-mail www.hacienda.org WWW