NEWS 2018 HACIENDA SEES STRONG GROWTH IN 2017

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January 22, 2018

For Immediate Release

Contact: James Paxson, General Manager
Hacienda Owners Association
925.734.6500


HACIENDA SEES SEVENTH STRAIGHT YEAR

OF POSITIVE GROWTH AT END OF 2017


PLEASANTON, Calif. — Hacienda saw another year of growth in 2017 resulting in a seventh straight year of positive absorption at year end. Nearly 440,000 sf of tenant activity occurred in Hacienda last year accompanied by new project approvals and the completion of construction work on a new office building (70,700 sf) and two residential complexes (506 units total with retail). The park is the largest mixed-use development of its kind in Northern California.

“2017 ended with Hacienda seeing slight reductions year-over-year in both office and retail vacancy, and another year of net positive absorption” says James Paxson, Hacienda's general manager. "Hacienda also came in with its highest year-end occupancy on record at just over 7.5 million square feet of space; occurring at the same time new space was added to the park. We continue to be encouraged by the ongoing trends in the market and the prospect of new activity both from existing tenants who may want to expand and interest expressed in Hacienda from around the Bay Area.”

Major transactions in 2017 were seen by companies in a variety of business segments, including Roche Molecular Systems (biomedical), Gritstone Oncology, Inc. (biomedical), Philips (health technology), Service Now (business services), Essex Hacienda (reidential), and Summerhill Development (residential development).

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


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 2014 American Community Surveys}
  • Valuation {Summary of valuation}


Projects and Tenants


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 over 670 companies that locally employ approximately 19,800 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 5,600 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