Four New Leases in SkySong 2 Building Bring Project to Near Capacity

SkySong, The ASU Scottsdale Innovation Center has experienced a flurry of leasing activity in recent weeks that has brought the project closer to capacity.

Four new leases signed recently, all in the project’s SkySong 2 building, total more than 10,400 square feet. The five-year leases range in diverse uses, including GH2 Architects which signed for a 3,563-square-foot space. The Oklahoma-based company relocates from Mesa to SkySong 2. Country Financial signed a lease for a 2,816-square-foot spec suite, one of the new spec suites recently built in SkySong 2. CV3, a California-based financial services firm, signed for a 1,695-square-foot spec suite. And, JCL Immigration signed a lease for a 2,339-square-foot spec suite in SkySong 2. The company is moving from another south Scottsdale location.

Sharon Harper, Chairman and CEO of Plaza Companies, the master developer of the project, said the new leases are a sign of SkySong’s resilience in a challenging commercial office market.

“We’re very pleased to see this level of leasing activity and the interest that these companies have in SkySong and our spec suites,” Harper said. “SkySong continues to buck the trend when it comes to attracting companies interested in an office environment focused on innovation and entrepreneurship.”

Plaza Companies is the master developer of SkySong, in partnership with University Realty, the City of Scottsdale and Holualoa Companies.

The new leasing activity brings overall occupancy rate of 91%mixed-use project that has consistently led the market in occupancy for the past decade.

Plaza Companies provides development, financing, construction oversight, leasing renewals and expansions and property management at SkySong. The Coppola Cheney Group of Lee & Associates is SkySong’s leasing broker.

Companies located at SkySong have the opportunity to partner with ASU, which has more than 145,000 students studying across four metropolitan Phoenix campuses, in Lake Havasu City, Los Angeles and Washington D.C. and online. ASU is one of the largest public universities in the nation, with the majority of its students attending its campus in Tempe, Arizona, less than three miles from SkySong.

In addition to locating its own innovative research units at the center, through ASU’s on-site operations, tenant companies have a single point of contact for introductions to researchers, faculty and programs to address their specific needs.