Hacienda Sees Cautiously Optimistic Start to the New Year

4452 Rosewood Drive Pleasanton AvaloBay Communities Hacienda Business Park JLL Colliers Swift Real Estate Partners

PLEASANTON, Calif. — Hacienda has begun 2022 on a note of cautious optimism. With the effects of the most recent surge in Covid-19 starting to diminish and a few new signs of activity occurring, occupancy has been increasing; albeit gradually. Two of the most impacted sectors, office and retail, have been seeing much more interest and some new leases. Other sectors related to labratory use, light manufacturing and assembly, and logitics have been seeing considerable interest and have also been a key component of recent investment. Additional investment in Hacienda related to these areas is anticipated in the next few months. The park is the largest mixed-use development of its kind in Northern California.

“Overall absorption has increased slightly over the close of 2021. Slight improvements have been seen in both the Office and Flex sectors. Although Retail vacancy has remained unchanged during the last two months, we are expecting to see activity in this sector as well within the next quarter,” stated James Paxson, Hacienda’s general manager. “Although the two Covid-19 surges that took place last year have created ongoing uncertainty about how and when the resumption of building occupancy will occur, the current health trends and guidance toward endemic adaptation will hopefully start to create a more stable environment that has a direct impact on utilization. This is particularly important for the office and retail sectors. That, coupled with the ongoing interest in biopharmaceutical, light manufacturing and logistics uses, will play important roles in what occurs over the next several months.”

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:

New Morgan Stanley at Work Report Reveals Companies Reimagining Equity Compensation to Compete for Talent Amid “Great Resignation”

NEW YORK, NY — Morgan Stanley at Work today released new proprietary research revealing that amid the “Great Resignation,” equity compensation has become more critical for public and private companies competing for talent across the globe. To gain an edge, companies are rolling out creative solutions in their plan design to improve retention.

Morgan Stanley at Work’s new research report, The State of Equity Plan Management at Public and Private Companies, also noted that equity compensation is one piece of a larger puzzle when it comes to attracting and retaining talent, as employees are focused on … more

DAHLIN Gold Winners at The Nationals 2022 Awards

PLEASANTON, Calif. — Presented by the National Sales and Marketing Council (NSMC), a council of the National Association of Home Builders (NAHB), The Nationals awards competition celebrates North America’s best new-home sales and marketing, and recognizes outstanding achievements in numerous related categories.

Highlighting the excellent work and accomplishments of housing industry professionals, DAHLIN received two Gold Awards for its work in single-family and Best of 55+ multifamily housing design. Gold Awards winners are the top vote recipients in each … more

Purigen Biosystems Signs Exclusive Distribution Agreement with Bonsai Lab to Strengthen Commercial Presence Across European Union

Purigen Biosystems, Inc., a leading provider of next-generation technologies for extracting and purifying nucleic acids from biological samples, today announced a new distribution agreement with Bonsai Lab. Under the terms of the agreement, Bonsai Lab has received exclusive rights to distribute, service, and support Purigen’s automated Ionic® Purification System and microfluidic kits in Portugal and Spain. Clinical and oncology researchers in these countries are now able to purchase and use the automated system, which received a CE (Conformité Européene) marking in May 2021, to extract higher yields of purified DNA and RNA from challenging samples in one hour with minimal hands-on time.

“Bonsai Lab is proud to bring innovative genomic technologies from around the world to our customers in Spain and Portugal,” said Rafael Calderón, Managing Director at Bonsai Lab. “Purigen’s best-in-class purification tools will allow our clients to simplify their sample prep … more

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

Excela Solutions Inc. – 4305 Hacienda Drive, Suite 460   www.excelasol.com  (510) 516-3765     A technology and professional services company.

Formac Inc. – 4305 Hacienda Drive, Suite 465  (510) 379-9024     An IT company specializing in DevOps services and solutions.

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 680 companies that locally employ approximately 18,000 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 5,800 residents. Residential developments also provide a full spectrum of choices from stylish rental units to single family detached homes.

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