RES 01063 - Laserfiche WebLink

As far as the type of user we anticipate, we do not see the project being another campus or back office building for one of the large users that have been active in the market lately (CISCO, Sun, etc). The project is too small for that type of user. Instead, we expect to see and are in fact working with office users who want visibility and who are seeking anidentity. Users in the financial services and real estate services industries are good examples of the type of tenant we expect to see. These type of users do not want to be buried deep in Hacienda Business Park yet they do not want to be in a retail project next to a Copy Mat or a McWorters. Additionally these users are located in Pleasanton and would prefer to remain so. Conf~renee Center Use It has been mentioned that the site might work for a conference center and restaurant. We have looked into this and do not believe this to be the case. The Pieasanton area is already well served with a lot of smnll to medium size meeting rooms. In North Pieasanton alone, there are over 36 small to medium size meeting rooms available at places such ns the Sheraton, the Marriot Courtyard, the Cart America Center, and the Hilton, and there are even more rooms available in Dublin and San Ramoo. These rooms accommodate groups as small as 8-10 people up to 60-70 people. For larger groups there is the auditorium at the Can America Center that seats 185 people, and there is the Ballroom at the Hilton which will accommodate up to 500 people. There is also a major new conference facility under contract across the freeway in Dublin, being developed by the owner of Scott's Seafood. It is approximately 30,000 square feet, and it will include a restaurant. We understand that it will accommodate groups as large as 500 people. There is also the Shrine Events Center in Livermore. It accommodates groups from as small as 10 to groups as large as 1,000. We believe there are plenty of small to medium sized meeting rooms in the immediate area, and our site is too small to accommodate a facility for larger groups. The facility being developed in Dublin is on 4 acres for example and would not fit on our 2.7 acre site. We believe a conference type use would also worsen the traffic situation on Hopyard Road. A more appropriate location from a traffic perspective might be Galaxy Theatre si~e. With the addition of the Dublin facility, the area should be fairly well served. If there is a gap in the type of meeting space available in the area, we think it would be a regional type of facility similar to a small convention center. At 35-40,000 square feet, the South San Francisco Conference Center might be a good example, and our site would obviously be too small, not to mention the traffic that would go along with such a large facility.' R~taii Market Overview/Analysis We thought it was important to ask a retail specialist for their expert opinion on the best use of our site. Sandra Wicks, Vice President of Colliers International, put together a