For Immediate Release

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

PLEASANTON, Calif. — Hacienda, the premier business park in Northern California, is proud to announce significant developments in its ongoing growth and commitment to the community. This includes the exciting commencement of construction for Avalon Pleasanton, a state-of-the-art residential community featuring a revised design that caters to contemporary living preferences. Additionally, Hacienda's active participation in Bike to Wherever Day underscores its dedication to promoting sustainable transportation and community engagement. The recent volume of development related to tenant improvements and new construction, a diverse tenant mix and activity around new leases further solidify Hacienda's position as a thriving hub for innovation and economic vitality in the Bay Area.

Avalon Pleasanton Starts Construction

Hacienda is pleased to announce the commencement of construction for Avalon Pleasanton, a newly designed residential community at 4400 Rosewood Drive. This project, previously titled The Residences at California Center, features updates that maintain the core aspects of the initial design.

The proposed updates to the residential community originally entitled in 2012 maintain a similar program and configuration. The total number of dwelling units remains at 305, with minor adjustments to the unit mix and parking distribution. Key changes include: converting stacked flats into townhomes with private garages, dividing larger buildings into smaller ones for better views and circulation, enhancing carports into enclosed garages, and adjusting building layouts for improved amenities and outdoor spaces. The community center and commercial buildings have been redesigned to better serve residents' needs, with a focus on creating a cohesive community feel and integrating seamlessly with the surrounding environment. Landscape and civil updates prioritize high-quality landscaping, urban connectivity, and enhanced stormwater management.

"We are excited about the updated design for Avalon Pleasanton, which incorporates adjustments to unit plans and exterior details to meet the current residential market needs and enhance the overall design quality," said James Paxson, Hacienda’s general manager. "These updates reflect the goals and values of the Pleasanton community, ensuring a harmonious and appealing living environment. Partnering with AvalonBay Communities, Inc., a developer renowned for its success and commitment to creating a better way to live, we are confident that Avalon Pleasanton will be a valuable addition to our vibrant community while delivering long-term value to all stakeholders."

Annual Bike to Wherever Day

Hacienda, a proud Silver Sponsor of the event in the East Bay, invited everyone to join this premier bicycling celebration that spanned across all nine Bay Area counties. On Thursday, May 16th, Bike to Wherever Day featured an Energizer Station hosted by Hacienda, alongside the cities of Pleasanton and Dublin, the Alameda County Transportation Commission, and Hacienda tenant Veeva. Cyclists stopped by the East Dublin/Pleasanton BART station between 7:00 am and 9:00 am for special recognition. With a surge in new riders exploring the East Bay, this year's event was more exciting than ever. More information about the program can be found here: www.hacienda.org/news-events/hacienda-online/connection/2024/bike-wherever-day-2024.

The City of Pleasanton offered extensive resources for cyclists, including safety tips, road laws, and bike commuting classes. These valuable tools are available on the city's website at: www.cityofpleasantonca.gov/your-community/getting-around/biking-in-pleasanton.

Occupancy & Leasing

Hacienda’s occupancy figures this month came to 6,850,272 square feet, a number slightly higher from the previous month and closer to the levels seen at the start of the year. Most of the year-to-date activity continues to be from available space under 10,000 square feet, which accounted for 86.67% of all transactions and just over 62% of the total volume of leased space. Conversely, 13.33% of deals were in spaces sized 10,000 - 50,000 square feet, accounting for close to 38% of all space leased during the year.

Hacienda is renowned for its role in fostering innovation and commerce and last year welcomed a roster of distinguished new tenants and renewals, among them relocations within Hacienda by ADP and Inneos, and renewal leases by Walovich Architects Group. New leases were executed recently by The Bay Area Fencing Club, and K&A Engineering Consulting, P.C.. 

The overall industry representation within the development remains largely unchanged, with the business services industry occupying 1,523,088 square feet, followed by biomedical companies with 1,121,006 square feet. The software development sector accounts for 553,154 square feet, and manufacturing occupies 498,570 square feet. The diverse tenant mix within Hacienda also includes significant representation from retail, hotels, health, education, and consumer goods industries. This variety highlights the region's abundant employment opportunities and its role as a vibrant hub for multiple sectors.

Hacienda continues to strengthen its status as a pivotal regional employment center, with Kaiser as the largest employer with a workforce in the thousands. Other notable organizations, including Boeing, Caltrans, CooperVision, The Gap, Morgan Stanley, Oracle, Roche Molecular Systems, Verizon, and Walmart, thrive within Hacienda's dynamic environment. This diverse array of employers reaffirms Hacienda's position as a premier hub for innovation, commerce, and a wide range of career opportunities in the Bay Area.

The spectrum of industries represented within Hacienda is easily accessible through the site's Business Locator, offering comprehensive insights into its diverse tenant roster. Whether seeking information on recent arrivals, specific companies, or industry types, the Business Locator serves as a valuable resource for businesses, professionals, and stakeholders alike.

"We are encouraged by the activity seen to date in 2024," remarked James Paxson, Hacienda’s general manager. "The mix of transactions and the continued interest that we have seen confirms the fact that Hacienda remains dynamic and bustling. Welcoming new tenants alongside continued commitments from established companies reflects the enduring appeal of our innovation-driven environment."

Hacienda 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 2020 US Census and 2022 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

People come to the San Francisco Bay Area for many reasons: a spectacular natural setting, a sophisticated lifestyle, and unique professional opportunities. Quality of life means having the best of everything within easy reach, whether it's world-class restaurants, theater and museums, the best learning institutions in the country, or some of the finest services available.

Quality of life applies to business, too: having easy access to needed resources, being among other industry leaders, and knowing that you are part of a region that leads the world in innovation. When working and living environments both enhance quality of life, the result is an unbeatable combination that leads to success; and that is what you will find at Hacienda.

Centered in a dynamic region and propelled by the Standard Metropolitan Statistical Areas of San Jose, Oakland, and San Francisco, the Bay Area is a robust economic region. Hacienda, located near the center of the Bay Area in Pleasanton, spans 875 acres and is home to over 630 companies employing approximately 15,700 people. In addition to being a hub for business, Hacienda also features homes for about 6,000 residents, offering a full spectrum of residential choices.

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