Pleasanton, Calif. — Hacienda is reporting a positive inflow of tenant activity for the first half of 2013. Over 175,000 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 141,000 square feet. The park is the largest mixed-use development of its kind in Northern California.
“Hacienda has seen slow and steady growth through the first half of 2013” said James Paxson, Hacienda’s general manager. “Additional leasing is expected to occur in the near future that should allow us to see the same type of progress over the next few quarters.”
Several notable transactions occurred in the first half of 2013. Major commitments were made by companies in a variety of business segments, including: Iron Planet (online marketplace), Safari Kid (academic heritage school), Schneider Electric (energy management) and Spigit, Inc. (social innovation software).
Two new developments also received approvals during the first half of 2013. St. Anton Hacienda received approval for a 168 unit apartment complex and a mixed-use development, consisting of 305 apartment units and nearly 7,500 sf of retail, adjacent to the California Center was also approved. A third project, a new facility for Mercedes-Benz of Pleasanton, received approvals at the beginning of the year and is due to be completed within the next few months.
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.
–Major Tenant Transactions
–Land Use Summary
-Demographics (Area and Community)
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 550 companies that locally employ approximately 17,750 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.