2016 Another Dynamic Year Full of Activity
2016 Another Dynamic Year Full of Activity
Hacienda saw another busy year in 2016 with significant new tenancy, expansions, acquisitions and more. Roche Molecular Systems continued with the development of their new three-story, 70,700 square foot building on its existing Hacienda campus, which will be completed in the early part of 2017. Hacienda also saw continued progress on three major residential projects: two by Essex and a third by Summerhill.
Added to this was another year of strong absorption with accompanying investment in existing facilities. Substantial improvements were made to accommodate such Hacienda luminaries as Ellie Mae and Zeltiq. Additional work was performed to bring in retailer Orchard Supply Hardware and other singular projects such as Pulte Homes new Northern California headquarters and design center. A list of some of the feature tenant activity appears below.
Summary of Major Activity in 2016
Development Activity (approved, under construction or completed)
| 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 | Construction: 94 units |
Major Tenant Activity
| Roche Molecular Systems | ~ 76,000 sf |
| Crosspoint Church | ~ 23,000 sf |
| Pulte | ~ 26,000 sf |
| Convirgint Technologies LLC | ~ 17,000 sf |
| Sensiba San Filippo LLP | ~ 12,000 sf |
| Zeltiq | ~ 110,000 sf |
| Orchard Supply Hardware | ~ 35,000 sf |
| ThinkHR | ~ 14,000 sf |
| Ellie Mae | ~ 160,000 sf |
| AVI-SPL | ~ 11,000 sf |
| Employee Benefit Solutions | ~ 18,000 sf |
| PureRED Integrated Marketing | ~ 13,000 sf |
| Purigen | ~ 16,000 sf |
| ATI Architects and Engineers | ~ 13,000 sf |
| ProSomnus Sleep Technologies | ~ 13,000 sf |
Overall Tenant Activity ~ 648,000 sf
| Size | Transaction Volume | Space Absorbed |
| < 10K sf | 75.38% | 15.41% |
| 10K-50K sf | 20.00% | 32.81% |
| > 50K sf | 4.62% | 51.78% |
