Pleasanton, Calif. – Hacienda, Northern California’s largest mixed-use development, opened 2026 with strengthening fundamentals, extending the leasing momentum established in late 2025 and carrying it through the first half of the year. That trajectory has been reinforced by steady month-over-month occupancy gains, a balanced mix of leasing activity across space sizes, and continued tenant commitments from both emerging and established companies.

Occupancy & Leasing Activity

Occupancy rose from 6,636,035 square feet in April to 6,660,548 square feet in May, and reached 6,670,672 square feet in June, reflecting a three-month gain of 34,637 square feet and continued positive momentum in the market.

Smaller spaces continued to dominate leasing activity over the past month, with transactions under 10,000 square feet accounting for 72.41% of all deals, reflecting sustained demand from startups, emerging companies, and other small users. At the other end of the spectrum, leases exceeding 50,000 square feet represented just 6.9% of transactions but generated 54.80% of total leasing volume, demonstrating Hacienda’s ongoing ability to attract major tenants with significant space requirements. Meanwhile, mid-sized transactions ranging from 10,000 to 50,000 square feet made up 20.69% of all deals and contributed 29.17% of overall leasing volume, providing a strong balance between small- and large-space activity.

“June’s figures continue the positive trend we have seen throughout the second quarter, with occupancy increasing for the third consecutive month and leasing activity remaining steady across a variety of space sizes and industries,” said James Paxson, General Manager of Hacienda. “The combination of sustained demand for smaller spaces, significant leasing volume from larger users, and a diverse tenant base led by business services and biomedical companies highlights the strength and resilience of Hacienda’s market position.”

Several notable occupancy commitments have contributed to Hacienda’s continued momentum through 2026, underscoring sustained demand across a range of industries. Key highlights include activity from Calyxo, Inc. at Rosewood Commons, Sutter Health at Pleasanton Labs, AEye at Signature Headquarters, The Wine Group at Hacienda Terrace, and OPM Biosciences at Diablo Technology Center. Together, these transactions reflect ongoing interest from healthcare, life sciences, technology, and consumer-focused companies that continue to view Hacienda as a strategic location for long-term growth.

This leasing activity builds on Hacienda’s broader industry mix, which reinforces its position as a leading business center in the Tri-Valley and a key contributor to the Bay Area economy. Business services remain the largest sector, with approximately 1,787,484 square feet of occupancy, followed by biomedical firms at 1,012,707 square feet. Manufacturing and healthcare also maintain strong presences at 473,301 and 404,695 square feet, respectively, while the remainder of the campus is supported by a diverse mix of retail, hospitality, software, education, and consumer-oriented tenants. Together, this diversified base continues to support long-term stability and steady growth across the portfolio.

Tenant Highlights

AEye, Inc., a Hacienda tenant since 2017, recently announced a strategic partnership with defense systems company SynTech to support the distribution and integration of its Apollo long-range lidar sensor for defense applications. AEye, a leader in advanced perception and intelligent sensing solutions, develops software-defined lidar technologies for automotive, infrastructure, security, defense, and logistics markets, including its Apollo, STRATOS, and OPTIS platforms. The collaboration with SynTech, which specializes in advanced unmanned systems and next-generation sensing technologies, comes as demand grows for reliable perception systems in autonomous and mission-critical defense environments. SynTech has already begun shipping Apollo units to a leading defense contractor, marking an important step in bringing AEye’s long-range sensing technology to next-generation defense platforms. The partnership builds on AEye’s continued expansion into aerospace, defense, and advanced mobility markets and follows the company’s recent announcement that it joined the NVIDIA Halos AI Systems Inspection Lab, an initiative focused on advancing safety, cybersecurity, AI, and regulatory compliance for autonomous systems.

TekValley Corporation, a Hacienda tenant since 2007, is a full-service technology transformation provider specializing in cloud computing, big data, AI/machine learning, cybersecurity, enterprise integration, and digital infrastructure. Founded in 2000 by CEO Seema Chawla, the company helps organizations modernize operations through custom application development, enterprise systems architecture, and outcome-driven technology solutions. TekValley has invested heavily in AI-driven tools for HR call centers and enterprise billing, focusing on governed AI infrastructure, data security, compliance, and reliable production deployment. As a Certified Minority and Women-Owned Business, TekValley also supports women pursuing careers in IT through seminars and training programs designed to help newcomers enter the industry while learning emerging technologies. The company’s achievements include recognition on the Inc. 5000 Fastest Growing Companies in America list in 2016 and 2018 and the San Francisco Business Times’ Top 100 Women-Led Businesses in the Bay Area in 2018 and 2019. Headquartered at Hacienda with additional offices in Texas and India, TekValley chose Pleasanton as its home base because of its growing business community and family-friendly environment.

Edward Jones, a Hacienda tenant since September 2005, continues to earn recognition for both employee satisfaction and client service. In April, the financial services firm was ranked No. 21 on the 2026 Fortune 100 Best Companies to Work For list, based largely on employee feedback regarding trust in leadership, career development opportunities, wellbeing, and workplace culture. The firm supports more than 55,000 associates across North America and emphasizes a people-first, relationship-based approach that encourages professional growth and meaningful community impact. Earlier this year, Edward Jones also ranked No. 1 among 23 advice-based wealth management firms in the J.D. Power 2026 U.S. Investor Satisfaction Study, scoring 754 out of 1,000 and placing significantly above the industry average. In addition, the company was named No. 4 in the Securities/Asset Management category on Fortune’s 2026 World’s Most Admired Companies list. Company leaders say these honors reflect Edward Jones’ ongoing commitment to personalized financial advice, innovation, employee wellbeing, and improving the lives of clients, colleagues, and communities. 

Population and Employment

At the end of the first quarter of 2026, Hacienda accommodated 13,312 employees across 693 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, a figure that 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

This overview offers the latest information on Hacienda’s occupancy, tenant updates, sales, and regional data of interest. For additional details, please consult the Project Overview section on our website.

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 Park Information

• Population (Summary of employee and residential population)
• Land Use (Summary of activity by land use)
• Demographics | Area and Community (Summary of demographic characteristics from 2010 US Census and 2019 American Community Surveys)
• Valuation (Summary of valuation)

Projects and Tenants

• Property Profiles (Interactive 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 680 companies employing more than 13,300 people. In addition to being a hub for business, Hacienda also features homes for about 6,400 residents, offering a full spectrum of residential choices.

Contact Information

For more information about Hacienda and our latest developments, please contact:

Hacienda Owners Association
4305 Hacienda Drive
Suite 330
Pleasanton, Calif. 94588-2738

T: (925) 734-6500
E: info@hacienda.org
W: hacienda.org | LinkedIn | Hacienda Online

Images courtesy of the Hacienda Owners Association.