For Immediate Release

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

PLEASANTON, Calif. — Hacienda, the largest business development of its kind in Northern California, has seen steady occupancy data this month. In addition, Hacienda is reporting exciting news from its tenant community.

Occupacy & Leasing

Hacienda is showing early signs of improvement in occupancy rates for 2025. Year-to-date activity indicates a positive trend, setting a strong tone for the start of the year. In March, however, the total occupancy remained level with the figure reported at 6,898,035 square feet.

Smaller commercial spaces under 10,000 square feet fueled all leasing activity at Hacienda in March, accounting for 100% of transactions and total leased volume. This marks a shift from the previous year when Hacienda secured some of the largest leases along the I-680 corridor. In 2024, Hacienda welcomed major tenants, including Sutter Bay Medical Foundation, which leased 64,222 square feet at 4480 Willow Road, and Acco Engineered Systems Inc., which secured 67,757 square feet at 5890 Owens Drive. Additionally, Sutter Health’s Palo Alto Medical Foundation expanded its presence with a 23,000-square-foot lease at 5075 Hopyard Road as part of a larger initiative to develop over 25 new ambulatory care centers. Renovations for these new medical facilities are set to begin in 2025, with openings anticipated in 2026 and 2027.

Over the past year, Hacienda welcomed several prominent tenants, including STN, Inc., a computer consulting firm; Stanford Health Care Cancer Clinic Pleasanton; K&A Engineering Consulting; The Bay Area Fencing Club; Sutter Health Medical Center and Care Center; and ACCO Engineered Systems. Additionally, medical equipment supplier Calyxo, Inc. expanded its presence at Hacienda, and Sunbelt Controls, a construction engineering company, both relocated and expanded.

The business services sector remains the largest occupant at Hacienda, occupying 1,823,342 square feet of space. Biomedical companies have expanded their presence, now leasing 1,163,099 square feet, while manufacturing and healthcare account for 471,332 and 392,522 square feet, respectively. Beyond these key industries, retail, hospitality, software development, education, and consumer goods further contribute to Hacienda’s diverse tenant mix. This broad industry representation underscores the wide range of employment opportunities available throughout the Bay Area.

"With the strong occupancy momentum seen at the start of 2025, we are pleased to witness steady numbers in March, further solidifying Hacienda’s positive trajectory," said James Paxson, General Manager of Hacienda. "This sustained activity highlights the significant value Hacienda provides to businesses. We remain dedicated to fostering a vibrant, supportive environment that attracts companies of all sizes and contributes to a thriving business community."

Exciting News from Hacienda Tenants

A valued tenant at Hacienda, Morgan Stanley is at the forefront of workplace financial benefits through Morgan Stanley at Work, helping companies attract and retain top talent while fostering financial confidence among employees. Morgan Stanley at Work delivers end-to-end financial solutions tailored for organizations at every stage of growth. Its robust offerings include Equity, Retirement, Deferred Compensation, Executive Services, and Saving and Giving solutions, all supported by modern technology, expert guidance, and dedicated service. In January, Morgan Stanley at Work announced a series of technology enhancements designed to further automate and streamline user experiences across its workplace benefits platforms. These updates improve accessibility and efficiency in equity compensation, retirement planning, executive services, and savings and giving programs.

Mantis Robotics, a trailblazer in robotic automation and a prominent tenant at Hacienda, is revolutionizing industrial robotics with its first-of-its-kind adaptive, human-centered robotic arms. Unlike traditional robotic systems, Mantis' technology is designed for seamless and safe human interaction, allowing the robotic arms to continuously learn and adapt to their surroundings. This cutting-edge technology enables real-time detection of obstacles and human presence, ensuring autonomous and safe collaboration between robots and workers in industrial settings. In December 2024, Mantis Robotics secured $5 million in new investments led by Emerald Technology Ventures, with participation from the Amazon Industrial Innovation Fund. This funding will accelerate the company’s ability to scale operations, enhance its product portfolio, and expand its footprint in the fast-growing industrial robotics market.

Population and Employment

At the start of 2025, Hacienda accommodated 14,963 employees across 682 companies. This number is anticipated to grow as new developments unfold, and occupancy rates approach pre-pandemic levels.

Additionally, Hacienda's residential communities currently have approximately 5,844 residents, which is expected to increase to 6,400 with ongoing housing developments.

As of the 2020 U.S. Census, the region’s population was 400,213. 60% of Tri-Valley residents hold a bachelor’s degree or higher, surpassing the educational attainment levels of both California and the broader Bay Area. This concentration of skilled professionals contributes to a robust labor force, making the Tri-Valley an attractive location for employers seeking top talent. In terms of demographics, 45.4% of residents are aged between 25 and 44, and over 58% report annual incomes exceeding $150,000. The region’s high quality of life, characterized by natural beauty, tight-knit communities, and top-notch schools with a graduation rate of 97%, further enhances its appeal to innovators and business leaders.

City of Pleasanton

Pleasanton's demographics reveal a highly educated workforce, with over 85% of residents having attended college and nearly 70% holding a college or professional degree. The city also enjoys a high household income, with over 75% of households earning more than $75,000 annually. Pleasanton is a young city, with nearly a third of the population under 19 and over a quarter aged between 20 and 54, indicating a substantial portion of residents in their prime career years. The city boasts a rich history and character showcased in its picturesque downtown, reflecting its commitment to a high quality of life. Hacienda exemplifies this with its excellent educational facilities, abundant recreational activities, and a favorable climate for enjoying sports facilities, parks, and golf courses.

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 2023 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 15,000 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