For Immediate Release

Contact: James Paxson, General Manager
Hacienda Owners Association
(925) 734-6500

PLEASANTON, Calif. — The commercial real estate market experienced a high degree of uncertainty and variability in 2022. Despite these challenges, 2022 was a year where Hacienda was able to capture a significant share of local activity. During the past year, Hacienda was the location for a sizable proportion of both leasing and sales activity occurring in the area including the arrival of new tenants that assumed large footprints for their future headquarters. The past year also saw a large amount of construction to prepare facilities for new and existing tenants, a positive development as owners and tenants commit to property improvements only when those improvements are seen as a sound investment.

"Hacienda activity was both similar and different to what was seen regionally and nationally in terms of occupancy. Consistent with broader trends, office occupancies were down but flex and retail occupancies increased" noted James Paxson, Hacienda's general manager. "Given the amount of commercial real estate space that is in flux regionally, the changes in total vacancies over 2021 were relatively unsurprising. What was different for Hacienda was the larger share of transactions that occurred within the development out of the total amount of activity in the region. Hacienda's 2022 performance, given the current market environment, is a solid achievement that underscores the value companies saw in securing a Hacienda address."

Major transactions in 2022 were seen by companies in a variety of business segments. Tenant transactions include: Unchained Labs (Life Sciences), Vagaro (Business Services), ProSomnus (Biomedical), Stanford Health Care Tri-Valley (Health), and Pleasanton Unified School District (Education).

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

• Occupancy and Major Tenant Transactions {Summary of occupancy information and major tenant activity}

• Development {Summary of development approvals and project construction information}

• Sales {Summary of project sales}

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 2019 American Community Surveys}

• Valuation {Summary of valuation}

Projects and Tenants

• Property Profiles {Summary of project specific information}

• Business Directory {Summary of businesses located in Hacienda}

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 nearly 640 companies that locally employ approximately 16,000 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 5,800 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