Hacienda continued to see some new development in 2002. Nearly 76,000 square feet of space was completed while construction commenced on another 230,000 square feet. No new projects were approved during 2002. However, plans for both expansion and redevelopment are currently in process on several sites.

Hacienda saw both losses and gains during 2002. However, given the overall economy and problems seen in other real estate markets, the park did quite well. With leasing and occupancy from new construction, lease renewals and new leases, Hacienda tenants absorbed more than 500,000 square feet. At the close of the year, the park's vacancy rate stood at 8.4 percent for office space and 9.6 percent overall.

Completed in 2002

Under Construction

Summary of Major New Leasing Activity in 2002 (not related to new construction or lease renewals)

Photo: (top to bottom)
SafeAmerica Credit Union's new facility serves as both a branch and the corporate headquarters.
Polycom's new corporate headquarters was completed and occupied in 2002.
The handsome Hopyard Plaza building is nearing completion.
The latest expansion to the PeopleSoft campus is under construction on Owens Drive.

Also in this issue...

• H&R Block Mortgage Leases Space at Hacienda
• Tevet Process Control Technologies Opens Facility in Park
• Business Bits
• Executive Profile: John MacDougall, Golden Apple Learning Store
• At Tanner Insurance, Customer Relationships are the Key to Success
• Hacienda Cleaners Picks Up and Delivers
• Hacienda Adds Two New Facilities in 2002, with More Under Construction
• Tri-Valley Business Council Proceeds Toward the Future with Vision 2010
• Toastmasters Help Members Develop Their Speaking Skills
• Community Health Charities Makes Donating to a Cause as Easy as Payroll Deduction
• BAAQMD Woodburning Handbook
• Hacienda Index