Small Suites, Big Impact: Hacienda Leasing Remains Strong

Pleasanton, Calif. – Hacienda, the largest business development of its kind in Northern California, continues to post steady performance, with 6,589,194 square feet of occupancy holding firm through November and leasing activity led by small suites under 10,000 square feet. A broad industry mix—anchored by business services, biomedical, manufacturing, and healthcare tenants—reinforces Hacienda’s strength as an in-demand Bay Area employment hub.

After a relatively steady quarter, occupancy levels held firm in November at 6,589,194 square feet, unchanged from October. Leasing activity continued to be driven primarily by smaller suites: units under 10,000 square feet represented 95.71% of total leased volume and 65.81% of all transactions. In comparison, mid-sized spaces between 10,000 and 50,000 square feet accounted for the remaining 4.29% of volume and 34.19% of transactions, indicating ongoing demand within this size range.

From Biomedical to Retail: Hacienda’s Tenant Diversity Reinforces Market Resilience

Hacienda continues to attract a diverse range of industries, reinforcing its status as a key regional employment location. Business services lead with 1,823,342 square feet, followed by biomedical companies at 1,163,099 square feet, manufacturing tenants at 471,332 square feet, and healthcare organizations at 392,522 square feet. These core sectors are complemented by a broad mix of retailers, hospitality operators, software firms, educational institutions, and consumer goods companies, highlighting Hacienda’s versatility and strong appeal across multiple markets.

“We’re proud that Hacienda remains a cornerstone for businesses across the Bay Area,” said James Paxson, Hacienda’s general manager. “With occupancy holding steady at over 6.5 million square feet and strong leasing activity in small and mid-sized spaces, companies from business services, healthcare, biomedical, and beyond clearlysee the value in calling Hacienda home. The diversity of tenants—from tech and retail to education and advanced industries—underscores our ongoing appeal and the resilience of this vibrant business community.”

Hacienda continues to attract top-tier tenants, reinforcing its status as a premier Bay Area business hub. Year-to-date 2025, the development has welcomed a dynamic mix of new arrivals across industries. Hall Law Group opened offices at 4750 Willow Road, strengthening Hacienda’s professional services presence. Calyxo, Inc., a medical technology innovator, joined the health-focused community at Rosewood Commons, while global medical technology leader Teleflex secured space at Britannia Business Center II, highlighting Hacienda’s strength in life sciences and advanced industries. The community’s diversity is further enriched by Learn and Play Montessori School expanding educational offerings and Spirit Halloween bringing seasonal retail excitement, showcasing why businesses of all kinds continue to call Hacienda home.

Recent News from Hacienda Tenants

Hacienda continues to showcase the achievements of its diverse tenant community, with notable milestones and growth across the healthcare, nonprofit, and technology sectors.

The League XS Apprenticeship Academy of Cosmetology and Barbering, led by owner Daniel Moses, opened its Hacienda training facility at 4515 Rosewood Drive in April 2025, making them one of  Hacienda’s newest tenants this year. The academy trains, equips, and licenses aspiring barbers and cosmetologists through an apprenticeship model that allows students to work and earn income while completing their education, supported by staff with over 20 years of industry experience. Offering flexible scheduling, ongoing education at no additional cost, and the ability for committed students to earn a license in as little as one month, the program is also WIOA-approved, enabling potential financial assistance for eligible students. With a corporate office in Antioch and 16 satellite locations statewide, the academy’s return to the Tri-Valley strengthens local access to cosmetology and barbering education in an area previously lacking such programs.

Winbond Electronics Corporation, a global provider of memory solutions headquartered in Taiwan, has been a Hacienda tenant since September 2017. In September 2025, its Kaohsiung Fab was honored with the Silver Award at Taiwan’s National Enterprise Environmental Protection Award, recognizing the company’s sustainable initiatives including digital transformation, low-carbon supply chain resilience, and water- and carbon-reduction systems. Since 2022, the Fab has leveraged big data, machine learning, and system optimization to reduce energy consumption by 12.5%, improve energy efficiency by 53%, and cut waste disposal volume by 50%. Winbond also introduced a pioneering carbon accounting system and supports supply chain partners in reducing emissions, underscoring its commitment to green semiconductor technologies, sustainable development, and environmentally responsible innovation.

Providence Medical Technology, a privately held medical device company founded in 2008 and a Hacienda tenant since November 2017, develops tissue-sparing solutions for cervical spinal surgery. In August 2025, the company published initial results from its FUSE study in Spine Journal, demonstrating that its CORUS Posterior Cervical Stabilization System (PCSS) significantly improves 12-month fusion rates and reduces revision surgeries compared to standard anterior cervical discectomy and fusion (ACDF). Conducted under FDA oversight across 18 U.S. sites with 227 patients, the randomized controlled trial provides Level I evidence supporting the safety and effectiveness of minimally invasive circumferential cervical fusion. With FDA clearance for up to three cervical levels, Providence’s CORUS PCSS is now used in over 2,600 hospitals and facilities, marking a major advancement in multilevel cervical spine treatment.

City of Pleasanton

Pleasanton’s demographics reveal a highly educated workforce, with over 85% of residents attending 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.

The Bay Area is a robust economic region centered in a dynamic geography and propelled by the Standard Metropolitan Statistical Areas of San Jose, Oakland, and San Francisco. 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.