NEWS 2019 HACIENDA STEADY MID-YEAR

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August 19, 2019

For Immediate Release

Contact: James Paxson, General Manager
Hacienda Owners Association
925.734.6500


HACIENDA BUSINESS ACTIVITY STAYING CONSTANT

PLEASANTON, Calif. — Business activity at Hacienda has remained constant throughout 2019. While overall occupancy is somewhat lower than the high points seen in the prior year, net absorption has remained positive for the year. Flex space vacancy has increased over the close of the prior year but office and retail occupancy have both increased since the end of 2018.

“Hacienda has continued to see interest and investment throughout 2019 in a number of ways” notes James Paxson, Hacienda's general manager. "We are still seeing an active market for Hacienda property with a number of sales completed for the year and more to close soon. We are also seeing both tenants returning to Hacienda after brief relocations outside of the development as well as continued growth of tenants within the development. As has recently been highlighted in key reports, Hacienda and the Tri-Valley's assets provide an inspiring case for the likelihood of continued positive economic activity.”

Major Business Activity
Here is a summary of just some of what has gone on in Northern California’s largest mixed-use development in the past three months:

New Study conducted by Oracle: “Digital Natives” Value Brick and Mortar Stores More Than their Parents or Grandparents
Global Study Highlights the Varying Shopping Expectations of Different Generations and the Role of Technology in Personalizing Retail

Despite clear differences in expectations among shoppers of different generations, almost half of retailers (44 percent) have made no progress in tailoring the in-store shopping experience according to a recent study conducted by Oracle NetSuite, Wakefield Research and The Retail Doctor. The global study of 1,200 consumers and 400 retail executives across the U.S., U.K. and Australia dispelled stereotypes around generations and found big differences in generational expectations across baby boomers, Gen X, millennials and Gen Z.

“We have seen decades of diminishing experiences in brick and mortar stores, and the differences identified in these results point to its impact on consumers over the years,” said Bob Phibbs, CEO, The Retail Doctor. “Retailers have fallen behind in offering in-store experiences that balance personalization and customer service but there’s an opportunity to take the reins back. The expectation from consumers is clear and it’s up to retailers to offer engaging and custom experiences that will cater to shoppers across a diverse group of ... MORE

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Kaiser Permanente - A Best Place to Work for IT professionals

Pleasanton, Calif., June 25, 2019 – For the 10th consecutive year, Kaiser Permanente has been recognized as a Best Place to Work in IT by Computerworld magazine. The honor is awarded to organizations that demonstrate excellence in benefits, diversity, career development, training, and retention. The results are also based on feedback from IT employees who responded to a confidential Computerworld survey.

“It’s especially rewarding to know that this recognition is the direct result of responses from our employees,” said Dick Daniels, executive vice president and chief information officer. “We have a meaningful mission at Kaiser Permanente and I’m proud of the culture and work environment that our people have created.”

The employee survey was largely focused on employee morale and company culture. The winning organizations were identified as having successfully built a strong company culture where employees feel appreciated and are given the tools to progress in their
... MORE

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Intertek Launches Total Quality Assurance Solutions for 5G Technology and Devices

Intertek, a leading Total Quality Assurance provider to industries worldwide, announces the launch of assurance and testing services for 5G products. The solutions, made possible through staff education and investment in new testing technology, hardware and software, will allow manufacturers from a variety of industries to test and validate innovative products for the next generation of mobile and Internet of Things (IoT) devices.

5G, or 5th Generation, technology will offer faster and more efficient connectivity than 4G, satisfying consumer demand for connected products that offer higher data rates, increased bandwidth and speed. Manufacturers and developers eager to advance 5G infrastructure and develop devices based on 5G technology require a trusted partner to assist with product development, design, performance testing and cybersecurity assessments. Intertek’s new 5G solutions include consulting services, R&D support and testing of 5G-enabled devices for usability and functionality. The new services have been made possible in part through investment in cutting-edge testing technology, such as the Rohde & Schwarz CMX500 radio communication tester, and education of Intertek ... MORE

New Tenants
Hacienda has recently welcomed a number of new tenants to the park. New tenants arriving in Hacienda over the past three months include:

Millie and Severson, 5635 W. Las Positas Blvd., Suite 409, (925) 227-0700, www.mandsinc.com. A licensed general contractor specializing in many sectors such as healthcare, medical office buildings, industrial, cultural and educational, commercial office buildings and other niche markets.

Strizzi's Restaurants Inc., 3825 Hopyard Road, Suite 145, 925-551-3399, www.strizzis.com. Corporate offices for an Italian restaurant.

Venture X, 4125 Hopyard Road, www.venturex.com. A shared workspace environment featuring boutique hotel style hospitality.

Empire Montessori Preschool, 5950 Stoneridge Drive, www.empiremontessoripreschool.com  Empire Montessori is a well-established preschool-chain with bilingual (English/Chinese) programs since 2009.

Inkspace Imaging, 5635 W. Las Positas Blvd., Suite 403, www.inkspaceimaging.com. Makers of comfortable, patient-customized MRI surface receive coils.

Kidder Matthews, 4305 Hacienda Drive, Suite 180, www.kiddermatthews.com.  A commercial real estate services firm.

ServiceMax, 4450 Rosewood Drive, Suite 200, (800)-756-4960, www.servicemax.com. Providers of cloud-based software for service execution management.

Nishiki Sushi, 4555 Hopyard Road, Suite 05, (925) 227-9000, www.nishikisushi-us.com. Japanese restaurant featuring sushi, sashimi and other Japanese cuisine for dine-in or take-out.

Dentis Implant, 5994 W. Las Positas Blvd., Suite 111, (323) 677-4363,  www.dentisusa.com.  A company specializing in dental implant products.

Keller Williams Tri-Valley Realty, 3825 Hopyard Road, Suite 106,  www.kw.com. A real estate company.

Diablo Electric, 5673 W. Las Positas Blvd., Suite 216, (925) 463-3000, www.diabloelectric.com. Electrical contractor for commercial tenant improvements and more.

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 nearly 20,000 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 5,500 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