Third Quarter of 2022 Ends Well at Hacienda in Pleasanton

Hacienda, Pleasanton

PLEASANTON, Calif. — The third quarter of 2022 has ended on a positive note for Hacienda. Office, Flex and Retail spaces all showed declines in vacancy both over the prior month and over the 2021 ending point. Tenant transactions were good given the overall activity in the market and Hacienda saw some of the most significant transactions in the Tri-Valley during the last ninety days. Overall absorption is nearly 160,000 square feet over the end of the prior year and overall vacancy has declined almost 2% at the same time. The park is the largest mixed-use development of its kind in Northern California.

“Hacienda’s third quarter was very good given the state of the current market. We are continuing to see good interest in the development as a desirable location and are particularly pleased that some of the most notable transactions of the quarter have been at Hacienda. While we realize that the lingering effects of the pandemic are still being realized, this type of activity is very encouraging” stated James Paxson, Hacienda’s general manager. “In addition to tenant activity, we have had strong investment activity as well with additional new investment expected before the end of the year. Additional tenant activity is likewise expected along with a steady increase in the occupancy and utilization of tenant spaces.”

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 2019 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 some 680 companies that locally employ over 16,500 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 approximately 6,000 residents. Residential developments also provide a full spectrum of choices from stylish rental units to single family detached homes.

West Coast Commercial Real Estate News