NEWS 2019 HACIENDA SEES STRONG GROWTH IN 2018

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January 28, 2019

For Immediate Release

Contact: James Paxson, General Manager
Hacienda Owners Association
925.734.6500


2018 ANOTHER STRONG YEAR FOR HACIENDA

PLEASANTON, Calif. — Hacienda saw another year of strong activity in 2018. Over the last twelve months the development experienced nearly 400,000 sf of tenant transactions, numerous projects to accommodate incoming and existing tenants, and new investment in the form of six property sales. In addition, construction has been completed on Hacienda's latest for-sale residential community: Andares. The park is the largest mixed-use development of its kind in Northern California.

“2018 ended well for Hacienda with continuing signs of the underlying strength of the economy providing opportunities for the development. New investment over the last year, both in terms of facility upgrades and facility acquisition, have been particularly prominent in Hacienda's growing biotechnology sector” notes James Paxson, Hacienda's general manager. "While vacancy increased slightly toward the end of the year, this was principally due to the loss of just two tenants: Orchard Supply Hardware and Veritiv. However, in both cases, we believe we will be hearing about new tenants for the sites that they occupied very soon. We further expect to see current economic trends continue to produce positive activity into the new year.”

Major transactions in 2018 were seen by companies in a variety of business segments. Tenant transactions include: Catholic Funeral and Cemetery Services (Community), Precision Cabinets (Consumer Goods), Global Syn-Turf (Consumer Goods), America's Best Contacts and Eyeglasses (Retail), Neotract (Biomedical), Barrick Gold Corporation (Mining), Farmers Insurance (Insurance), Safari Kid (Tutoring), Bio-Rad Laboratories (Biomedical), and Hyland Software (Software Development).

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 680 companies that locally employ approximately 20,100 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.

Contact Information
Hacienda Owners Association
4305 Hacienda Drive, Suite 330, Pleasanton, California 94588-2738
(925) 734-6500 phone     (925) 734-6501 fax     info@hacienda.org e-mail     www.hacienda.org WWW