Pleasanton, Calif. – Hacienda, Northern California’s leading business park, continues to experience steady growth in occupancy, contributing to its diverse tenant base and increased new lease activity. The recent signing of major leases by Sutter Health’s Palo Alto Medical Foundation further solidifies Hacienda’s reputation as a premier location for innovation and commerce, underscoring its importance as a key employment center in the Bay Area as well as a prime location for the practice of healthcare in the Bay Area.
Occupancy & Leasing
This month, Hacienda’s occupancy figures reached 6,937,528 square feet, marking another increase from the previous month and the highest level recorded since the start of the year. The majority of year-to-date activity has been concentrated in spaces under 10,000 square feet, which represented 95.93% of all transactions and accounted for just over 33.5% of the total leased volume. In contrast, spaces sized between 10,000 and 50,000 square feet comprised 2.44% of the deals, contributing to nearly 14.65% of the total space leased throughout the year. Larger spaces, those over 50,000 square feet, made up only 1.63% of the transactions but accounted for a significant 51.79% of the total leasing volume.
Hacienda, recognized for its role in fostering innovation and commerce, continued to draw prominent tenants and lease renewals during the course of the year. Among the notable activities were relocations by ADP and Inneos within Hacienda, as well as a renewal by Walovich Architects Group. The area also saw new leases from The Bay Area Fencing Club and K&A Engineering Consulting, P.C.
In addition, Sutter Health’s Palo Alto Medical Foundation (PAMF), a part of the not-for-profit Sutter Health system, secured two major leases in Hacienda this month totaling 87,000 square feet. These leases include a 64,222-square-foot building at 4480 Willow Rd. and about 23,000 square feet at 5075 Hopyard Rd., located just a half-mile away. PAMF plans to offer a variety of services in these new spaces, with the 5075 Hopyard Rd. location set to open in spring 2026, followed by the 4480 Willow Rd. location in spring 2027.
“Hacienda’s increase in occupancy this year is a clear testament to its thriving business environment and the continued confidence of companies in the region’s potential,” said James Paxson, Hacienda’s general manager. “The recent leases signed by Sutter Health’s Palo Alto Medical Foundation further underscore Hacienda’s appeal as a premier location for large-scale operations. Sutter Health’s commitment to 87,000 square feet across two key sites within Hacienda highlights the development’s capacity to support significant healthcare services, reinforcing its role as a vital hub for diverse industries. These leases not only contribute to Hacienda’s record-high occupancy but also enhance the community’s access to essential medical services, demonstrating the area’s growing influence in the Bay Area.”
The diverse industry representation within the development has remained largely consistent, with business services occupying 1,523,088 square feet, and biomedical companies covering 1,121,006 square feet. The software development sector takes up 553,154 square feet, while manufacturing accounts for 498,570 square feet. Hacienda’s diverse tenant mix also includes substantial representation from retail, hotels, health, education, and consumer goods industries. This variety highlights the region’s ample employment opportunities and its role as a dynamic hub for multiple sectors.
Hacienda continues to strengthen its status as a pivotal regional employment center, with Kaiser as the largest employer with a workforce in the thousands. Other notable organizations, including Boeing, Caltrans, CooperVision, The Gap, Morgan Stanley, Oracle, Roche Molecular Systems, Verizon, and Walmart, thrive within Hacienda’s dynamic environment. This diverse array of employers reaffirms Hacienda’s position as a premier hub for innovation, commerce, and a wide range of career opportunities in the Bay Area.
The spectrum of industries represented within Hacienda is easily accessible through the site’s Business Locator, offering comprehensive insights into its diverse tenant roster. Whether seeking information on recent arrivals, specific companies, or industry types, the Business Locator serves as a valuable resource for businesses, professionals, and stakeholders alike.
Hacienda Overview
The latest information on Hacienda’s occupancy, tenant updates, sales, and regional data of interest can be found in the links provided below. 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 630 companies employing approximately 15,700 people. In addition to being a hub for business, Hacienda also features homes for about 6,000 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.
