2019 Development Update
2019 Another Good Year of Activity at Hacienda
Hacienda saw another year of strong activity in 2019. While vacancy for the end of the year rose slightly year over year at the end of the fourth quarter, continued signs of interest and investment in the development were present throughout 2019. Over 300,00 square feet of buildings attracted new ownership, and many of these projects also became the locations of significant work performed in preparation for new tenants who either occupied spaces in 2019 or have planned occupancy in 2020.
Hacienda was the site of nearly 500,000 square feet of activity in 2019. Everything from small offices to larger facilities of over 125,000 square feet were a part of last year's profile. Tenants arriving or growing at Hacienda covered a wide range of industries including: health care, robotics, finance, education, medical diagnostics, professional services, manufacturing and more. A list of some of the feature tenant activity appears below.
Summary of Major Activity in 2019
Major Tenant Activity
| ServiceMax | ~ 62,000 sf |
| Omron Robotics & Safety Technologies, Inc. | ~ 126,000 sf |
| Venture X | ~ 13,000 sf |
| Hensel Phelps | ~ 16,000 sf |
| Ritchie Brothers / Iron Planet | ~ 20,000 sf |
| No. CA District Council of Laborers | ~ 55,000 sf |
Overall Tenant Activity ~ 497,000 sf
|
Size |
Transaction Volume |
Space Absorbed |
|
< 10K sf |
80.27% | 18.26% |
|
10K-50K sf |
15.27% | 32.55% |
|
> 50K sf |
4.46% | 49.19% |
