For Immediate Release

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

PLEASANTON, Calif. — Hacienda, a leading Northern California development, continues to solidify its reputation as a vibrant and versatile business community, attracting diverse industries and fostering innovation. Recent updates highlight the dynamic nature of the park, including changes in occupancy figures, leasing trends, and tenant activity. While shifts in vacancy rates reflect broader market conditions, Hacienda remains a sought-after destination for companies of all sizes, offering a unique environment for growth and collaboration.

Occupacy & Leasing

December saw a modest uptick in vacancy numbers, highlighting changes across different types of occupancies in Hacienda. Office vacancy remained steady at 20.17%, while flex space experienced an increase, rising from 3.18% to 4.99%. Retail space also saw a slight rise, with vacancy increasing from 8.08% to 8.54%. Overall, the combined vacancy rate across all categories grew from 14.8% to 15.17%. These figures provide valuable insights into the current dynamics of the local market.

The majority of leasing activity so far this year has been in spaces under 10,000 square feet, accounting for 95.17% of transactions and 36.88% of the total leased square footage. By contrast, leases for spaces between 10,000 and 50,000 square feet comprised 3.45% of deals and 23.31% of the total space leased. Larger spaces over 50,000 square feet, while only 1.38% of transactions, made up a substantial 39.81% of the total leasing volume.

Despite softer occupancy figures, Hacienda has attracted prominent tenants and secured notable lease renewals this year, reinforcing its reputation as a hub for innovation and commerce. Among the latest additions is Calyxo, Inc., a medical device company with an established facility in Hacienda. This followed a significant lease agreement with ACCO Engineered Systems, the parent company of current Hacienda tenant Sunbelt Controls. ACCO recently announced its relocation to a new space at 5890 Owens Drive, occupying 67,757 square feet across the second and third floors, while Sunbelt Controls expanded its operations within Hacienda. 

Other recent activity includes relocations within the park by Edge Sales & Marketing and Packet Fusion, as well as new leases signed by Shea Homes, Zest Consulting, and Stanford Health Care’s Tri-Valley Family Medicine Residency Program, which also houses its Graduate Medical Education Office. These developments highlight Hacienda’s ongoing appeal to a diverse range of industries and organizations.

“Hacienda continues to demonstrate its resilience and appeal, even amid softer occupancy figures,” said James Paxson, Hacienda's General Manager. “The latest vacancy numbers reflect some shifts in the market, but they also highlight the strength and diversity of our tenant base. Smaller leases have dominated activity this year, but larger transactions, like ACCO’s significant relocation and Calyxo’s establishment, underscore the value Hacienda offers to businesses of all sizes. With a steady stream of new tenants and expansions across a range of industries, Hacienda remains a dynamic hub for innovation, commerce, and opportunity.”

Dynamic Mix of Industries

Hacienda continues to showcase a stable mix of industries, with business services occupying 1,523,088 square feet and biomedical companies taking up 1,121,006 square feet. The software development sector accounts for 553,154 square feet, while manufacturing utilizes 498,570 square feet. In addition, Hacienda’s tenant base includes substantial representation from retail, hotel, healthcare, education, and consumer goods industries, underscoring the area’s broad employment opportunities and its dynamic role as a thriving center for multiple sectors. 

As a pivotal regional employment hub, Hacienda boasts Kaiser as its largest employer, with a workforce in the thousands. Other notable organizations thriving in Hacienda’s dynamic environment include Boeing, Caltrans, CooperVision, The Gap, Morgan Stanley, Oracle, Roche Molecular Systems, Verizon, and Walmart. This diverse array of employers reaffirms Hacienda’s status as a premier hub for innovation, commerce and a wide range of career opportunities in the Bay Area. 

For those seeking insights into Hacienda’s diverse industries, the Business Locator serves as an invaluable resource. It provides comprehensive information on the tenant roster, including details about recent arrivals, specific companies, and industry sectors, making it a go-to tool for businesses, professionals, and stakeholders.

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 675 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