Acacia Capital Buys Pleasanton Multifamily for $248M

San Mateo, CA-based Acacia Capital has acquired Park Hacienda, a 540-unit, garden-style apartment community within the Hacienda Business Park in Pleasanton, CA, for $248 million, or approximately $459,000 per unit.

A JLL team of Scott Bales, Peter Yorck, Nolan Moore and Max Machiorlette represented the seller, Equity Residential.

Park Hacienda is situated on 24-acres at 5650 Owens Dr., less than one mile from the Dublin/Pleasanton BART station. The property’s location within the Hacienda Business Park positions it next to more than 550 employers and an abundance of nearby retail.

Originally completed in 2000, the property has been partially renovated.

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