Between New Developments, Renovation, and Leases, 2015 was a Busy Year in Hacienda

By Hacienda Network Staff Writer

With widespread development, property renovation, and major new tenant leases, 2015 was, by any measure, an extremely busy year in Hacienda. Roche Molecular Systems began work on a three-story, 70,700 square foot building on its existing Hacienda campus, a project that will bring the total size of the company's space in the park to nearly 380,000 square feet. The park also saw progress on three major residential projects in addition to the completion of Anton Hacienda, a 168-unit luxury rental complex on West Las Positas Boulevard.

Another Hacienda trend saw several companies purchase existing properties and improve them, including a new parking structure at the John Muir Health/Tenet Healthcare property at 5860 Owens Drive as well as interior and exterior upgrades at the Veeva Systems headquarters at 4280 Hacienda Drive, Rosewood Commons at 4410-4460 Rosewood Drive and Axis Community Health at 5925 W. Las Positas Boulevard.

A number of sizeable leases were signed in 2015 as well, including moves by Gap Inc., SmartZip, and Acosta.

Summary of Major Activity in 2015

Development Activity (approved, under construction or completed)

Anton Hacienda	Completed: 168 units
Roche Molecular Systems	Approved: 70,700 sf
Roche Molecular Systems	Construction: 70,700 sf
Essex Hacienda	Construction: 251 units and Public Park
Essex Hacienda	Construction: 255 units and 5,700 sf Retail
Summerhill	Approved: 94 units
Summerhill	Construction: 94 units

Major Tenant Activity

Gap, Inc.	~ 181,000 sf
SmartZip	~ 36,000 sf
Party City	~ 30,000 sf
ADP	~ 94,000 sf
Roche Molecular Systems	~ 40,000 sf
Diebold	~ 12,000 sf
First American Title	~ 11,000 sf
Sedgwick Claims Management Services	~ 11,000 sf
ServiceMax	~ 63,000 sf
Acosta	~ 28,000 sf
Chicago Title Company	~ 13,000 sf
Ellie Mae	~ 31,000 sf
Cisco	~ 21,000 sf

Overall Tenant Activity ~735,000 sf

Transaction Volume

< 10K sf	82.89%
10K-50K sf	13.16%
> 50K sf	3.95%

Space Absorbed

< 10K sf	22.45%
10K-50K sf	31.64%
> 50K sf	45.91%

Photos:
Roche Molecular began construction of a new office building on their campus.
Anton Hacienda, a new luxury apartment complex, was completed in 2015.
Veeva Systems, Inc. completed refurbishment of their new headquarters.
A new parking structure took shape at the John Muir Health/San Ramon Regional Medical Center Outpatient Clinic.
Rosewood Commons saw extensive rehabilitation of its grounds in 2015.
Construction continued at Essex Hacienda. Galloway, another new Hacienda housing project, made great progress in 2015.

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