For Immediate Release

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

PLEASANTON, Calif. — At the mid-point of the third quarter, Hacienda has witnessed little change, either positively or negatively, from what has been seen over the last few months. Occupancy is still improved over the close of the first quarter of this year but still below the close of 2022 and slightly less than the close of the second quarter. Slight increases in both Office and Retail space vacancy were noted during August but these are only minor adjustments from the previous month. No recent changes in either Flex or Warehouse space vacancy have occurred. 2023 activity to date continues to be lower than that seen in 2022 with ongoing uncertainty about Office space demand in particular. While renewals and some relocations within Hacienda have occurred over the last few months, all activity continues to reflect an evaluative process each tenant takes as it considers their future needs. The park is the largest mixed-use development of its kind in Northern California.

“Net absorption continues to be slightly below the close of 2022. Recent activity, which has been cautious, has still not offset the amounts of space that were placed on the market with the sub-lease activity created by existing tenants,” stated James Paxson, Hacienda's general manager. "To be sure, we have seen some positive signs over the year; mostly as it relates to renewals and continued interest in the location. However, tenants are not moving agressively and there is a large amount of deliberation taking place as each new deal is assembled. Additional activity is anticipated before year-end but of a more modest nature."

Major Business Activity

Here is a summary of just some of what has gone on in Northern California’s largest mixed-use development in the past three months:

EDAX and Gatan merge to offer the ultimate suite of microscopy tools

Gatan, Inc., a business of AMETEK Inc. as well as a global leader focused on enhancing and extending the operation and productivity of electron microscopes, has merged with EDAX, LLC, a leader in X-ray microanalysis and electron diffraction instrumentation. The combined organization will retain the Gatan name, offering the ultimate suite of tools for transmission electron (TEM) and scanning electron (SEM) microscopes.

With broad product and organization overlap between Gatan and EDAX, transitioning to Gatan as the prominent tradename for all products will allow the organization to capitalize on its synergies fully. EDAX, also a business of AMETEK Inc., will still provide customers high-quality, reliable products and responsive customer care and support they expect. Joining Gatan will provide EDAX with more resources and allow it to ... more.

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New Research From Edelman Financial Engines Shows Women of Color are Forging a More Positive Financial Path Forward

Edelman Financial Engines, America’s top independent wealth planning and investment advisory firm,1 today released new research findings that reveal how many women of color in the United States are committed to writing their own financial narratives to create better outcomes than those who came before them. According to the study, approximately two out of three (67%) women of color said they were actively forging a more secure path while avoiding the financial behaviors they witnessed growing up.

The report, entitled Women of Color & Wealth: Striving to Create a New Financial Future*, provides key insights into the financial goals of this underserved group, and how employers and financial planners can best support them on their journey to building greater knowledge and.... more.

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DiaCarta and HMC/HML Team up for Customizing Lab Development Test Validations and Compliances in the US Market

DiaCarta, Ltd. (“DiaCarta”), a novel molecular diagnostic test developer for cancer and infectious diseases, today announced that the company has formed strategic partnership with New Jersey-based Hopkins MedTech Compliance (HMC) and Hopkins MedTech Lab Services (HML) to support the unmet needs for regulatory compliance and laboratory developed test (LDT) validation of in vitro diagnostics (IVD) in the United States. The partnership will help companies who have developed novel IVD tests but do not have the capacity to bring the products for FDA approval, or to take the tests to clinical labs to serve healthcare providers and patients.

“We have built a strong customer base in the IVD field, which relies on our expertise for clinical trials and regulatory filings, such as FDA Emergency Use Authorization (EUA), 510(k), PMA, and De Novo applications,” said Dr. Homer Wu, CEO of HMC and HML. “DiaCarta has established high-quality systems not only for its IVD products under ISO13485 compliance, but also the LDT testing venues at its CAP/CLIA lab in California. Working with DiaCarta, we can now meet the increasing demand from ... more.

New Tenants

Hacienda has welcomed new tenants to the park. New tenants recently arriving in Hacienda include:

ADP - 4410 Rosewood Drive
www.adp.com
Regional headquarters for an outsource provider of payroll, payroll tax, benefits administration, and human resources services.

Jan-Pro Cleaning Systems - 4637 Chabot Drive, Suite 102
www.jan-pro.com/greaterbayarea
A commercial cleaning company.

PHD Architects - 5674 Stoneridge Drive, Suite 110
www.phdarch.com
An architectural firm specializing exclusively in planning and architectural design of schools, junior colleges and healthcare facilities.

Techlent - 5960 Stoneridge Drive, Suite 204
www.techlent.com
An online education platform providing training and career coaching in the filed of data science.

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 some 630 companies that locally employ over 15,700 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 approximately 6,000 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