Hacienda Sees Unusual Year of Activity

Hacienda, Pleasanton, Morgan Stanley, DAHLIN, Purigen Biosystems

PLEASANTON, Calif. — Hacienda’s activity was mixed in 2021 but showed many signs of strength in the face of the ongoing challenges presented by the Covid-19 pandemic. Moves toward office re-occupancy were stymied twice in 2021 and the evolving effects of the pandemic likely softened what would have otherwise been seen in terms of office market activity. Likewise, the market for retail space was similarly confronted with changing conditions that resulted in less activity than would otherwise have been realized. Other sectors were decidedly stronger and the markets for space related to biopharmeceutical, light manfacturing, research and development, and logistics use saw gains in 2021.

“Market performance was decidedly different by sector in 2021. While there were not significant losses in either the office and retail sectors, these product types were the effects of the greatest uncertainty” stated James Paxson, Hacienda’s general manager. “What was evident in 2021 is the economic strength of certain sectors that moved transactions forward even in the face of uncertainties created by Covid-19 and related pandemic response measures. Hacienda saw a great deal of interest in both the biomedical and logistics sector; particularly at the end of the year. 2021 was also a strong year for investment with four property sales. These trends appear to be continuing into the new year with additional prospective property sales and additional leasing anticipated within the first several months of the year.

“Major transactions in 2021 were seen by companies in a variety of business segments. Tenant transactions include: Blackline (Finance), Tekion (Business Services), DiaCarta (Biomedical), Tesla (Automotive [Logistics]), and AAT Bioquest (Biomedical).

Overview
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.

Park Activity

General

  • Population {Summary of employee and residential population}
  • Land Use Summary {Summary of activity by land use}
  • Demographics (Area and Community) {Summary of demographic characteristics from 2010 US Census and 2014 American Community Surveys}
  • Valuation {Summary of valuation}

Projects and Tenants

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 nearly 700 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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