Equity Residential has sold Park Hacienda, a 540-unit, garden-style apartment community within the Hacienda Business Park in Pleasanton, Calif.
Acacia Capital Corp. paid $248 million for the apartment community, making it one of the largest single-asset, value-add multifamily sales in San Francisco Bay Area history.
Park Hacienda is situated on 24 acres at 5650 Owens Drive, less than 1 mile from the Dublin/Pleasanton BART station. The property’s location within the Hacienda Business Park offers residents access to more than 550 employers and an abundance of nearby retail. Originally completed in 2000, the property has been partially renovated and features one-, two- and three-bedroom floor plans averaging 998 square feet. Renovated units are equipped with stainless steel appliances, full-size washers and dryers, and personal patios with storage. Community amenities include two swimming pools, a fitness center, covered and underground parking, and direct public park a
