New leases, expansions and spec suite development reflect continued demand for innovation-focused workspace
SCOTTSDALE, Ariz. (May 29, 2026) — SkySong, The ASU Scottsdale Innovation Center, continues to see strong leasing activity with a new series of leases and expansions totaling more than 28,000 square feet across the project’s office buildings.
The latest transactions include a mix of new tenants, expansions and long-term commitments from companies spanning financial services, construction, commercial real estate and professional services — reinforcing SkySong’s position as one of the region’s most active and resilient innovation-oriented office environments as the project celebrates its 20th anniversary.
Leasing activity includes:
- NexGen Financial leasing 5,351 square feet in SkySong 2 in a newly constructed speculative suite. They were represented by Juston Himelstein at Colliers.
- Ike Commercial leasing 1,695 square feet in SkySong 2.
- VCC Construction is expanding its space in SkySong 3 from 1,571 square feet to 2,475 square feet while extending its lease. They were represented by Tim Kempton at CBRE.
- Alliance Markets and Vending leasing 2,073 square feet in SkySong 1. Alliance was represented by Chris Corney at Jones LaSalle Lang.
- Flare, a former subtenant in SkySong 5, has signed a lease extension for a 13,487 square foot space in the building. They were represented by Shane Toppen and Jeffrey Jackson at Savills.
- New American Funding signing a lease for 4,699 square feet in SkySong 4. They were represented by Tom Adelson and Jen Metz at Adelson Brown.
The leasing momentum is also driving additional investment within the project itself. In response to increasing demand for move-in-ready office suites, construction is now underway on 22,664 square feet of new speculative suites in SkySong 2, with delivery anticipated in late July. One of the six planned suites already has a signed letter of intent prior to completion.
Sharon Harper, chairman and CEO of Plaza Companies, the master developer of SkySong, said the activity reflects the continued strength of the project’s innovation-focused environment and the growing demand for high-quality, flexible office space.
“SkySong continues to attract companies looking for an environment centered around innovation, collaboration and connectivity,” Harper said. “We’re seeing strong demand not only from new tenants entering the market, but also from existing companies making longer-term commitments and expanding their presence here.”
Harper said the strong interest in speculative suites demonstrates how companies continue to value turnkey office solutions in amenity-rich environments.
“The demand for move-in-ready spaces has been especially strong,” Harper said. “By investing in new spec suites, we’re able to respond quickly to what today’s tenants are looking for while continuing to strengthen the overall ecosystem at SkySong.”
Plaza Companies is the master developer of SkySong, in partnership with ASU’s University Realty, the City of Scottsdale and Holualoa Companies. SkySong is one of nine Innovation Zones ASU has across the Valley.
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.
SkySong is a 42-acre mixed use development designed to:
- Create an ecology of collaboration and innovation among high-profile technology enterprises and related researchers.
- Advance global business objectives of on-site enterprises.
- Raise Arizona’s profile as a global center of innovation through the co-location of Arizona State University’s strategic global partners.
- Create a unique regional economic and social asset.
As a tenant in one of ASU’s nine regional Innovation Zones, companies located at SkySong have the opportunity to connect with talent, research and new industries in partnership with ASU. ASU, which has about 194,000 students studying across four metropolitan Phoenix campuses, Los Angeles, Washington D.C. and online, is one of the largest public universities in the nation. Its largest campus is 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, companies have a single point of contact for introductions to researchers, faculty and programs at SkySong and across the Greater Phoenix region to address their specific needs.
For more information on SkySong, visit SkySong.com or follow developments on Facebook.
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