PLEASANTON, Calif. — Hacienda is reporting absorption of nearly 161,000 square feet of space in the first three quarters of 2014. The third quarter results are consistent with the steady trend seen since the end of 2010. The park is the largest mixed-use development in Northern California.
“We continue to be encouraged by the reductions in vacancy we have seen over a nearly four year period,” said James Paxson, Hacienda’s general manager. “Even with a slightly slower start to the year, investment in Hacienda has significantly increased through the end of the third quarter.”
Major leases and acquisitions in 2014 have been initiated by companies in a variety of business segments, including Astex Pharmaceuticals (Biomedical), Caltrans (Government), Ellie Mae (Mortgage Industry), Innovate Pleasanton (Business Accelerator), Morgan Stanley (Financial Services), TriNet (Business Services) and Veeva Systems (Software Development).
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.
Projects and Tenants
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 650 companies that locally employ approximately 17,500 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 3,900 residents. Residential developments also provide a full spectrum of choices from stylish rental units to single family detached homes.