PLEASANTON, Calif. — Hacienda is reporting a positive inflow of tenant activity for the first half of 2012. Over 300,000 square feet of transactions occurred in Hacienda during the first half of the year along with approvals for three major new developments. Absorption at the end of June was a positive 32,000 square feet. The park is the largest mixed-use development in Northern California.
“Hacienda is clearly benefitting from the moderate growth seen in the economy during the first half of 2012” said James Paxson, Hacienda’s general manager. “We are expecting to realize additional gains through the remainder of the year.”
Several notable transactions occurred in the first half of 2012. Major commitments were made by companies in a variety of business segments, including: Maddie’s Fund (animal care facility), Silicon Valley Bank (financial), East Bay Regional Parks District (regional parks and recreation management), eAdGear (web design and search engine optimization), Cooper Bussmann (global electronics manufacturer) and CompView (audio visual equipment).
Three new developments also received approvals during the first half of 2012. BRE received approvals for two mixed-use developments adjacent to the BART station in Hacienda and a significant expansion to a dealership for Mercedes Benz was also approved.
The following overview provides 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 475 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.