The Arizona Builders Alliance (ABA), a leading trade association for contractors in Arizona, has signed a lease for a significant space at SkySong, The ASU Scottsdale Innovation Center.
The organization will lease a 20,869-square-foot space in SkySong 1, the first building completed in the transformative development. With this lease, SkySong 1 will be at 95 percent capacity despite a downturn in the overall office market.
The Arizona Builders Alliance stands as a premier association for contractors in Arizona, committed to boosting the success of its 350 member companies and the broader construction sector through initiatives in education, networking, business growth, and advocacy. As a collaboration between the Associated Builders & Contractors and the Associated General Contractors of America — Building Chapter, the ABA actively engages in legislative advocacy at both state and national levels.
About 5,300 SF of the space will be utilized as their corporate office, with the balance being used as educational space for the classes the organization offers.
Sharon Harper, Chairman and CEO of Plaza Companies, the master developer of the project, said this lease is another sign of SkySong’s resilience in a challenging commercial office environment.
“We are pleased to welcome the Arizona Builders Alliance to the SkySong family,” Harper said. “SkySong continues to defy market trends when it comes to attracting companies and organizations that are seeking a focus on innovation and entrepreneurship in their office environment.”
Plaza Companies is the master developer of SkySong, in partnership with University Realty, the City of Scottsdale and Holualoa Companies.
Kim Davids, President of the Arizona Builders Alliance, said the SkySong space is ideal for the organization as it continues to grow its impact.
“SkySong offers an ideal setting for us to better serve our members with its focus on innovation and collaboration,” Davids said. “We’re eager to move into our new space and continue supporting our members’ growth and success in this community.”
The new leasing activity brings overall occupancy rate of 95 percentmixed-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.
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.
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.
For more information on SkySong, visit SkySong.com or follow developments on Facebook.
About SkySong
Plaza Companies is the developer of the project in partnership with University Realty, the City of Scottsdale and Holualoa Companies. Lee and Associates provides the brokerage services and Plaza del Rio Management Corporation provides the property management and construction services. Architects at SkySong include Pei Cobb Fried and Partners, DMJM Design, Butler Design Group and Kendle Design Collaborative.
About Plaza Companies
With offices in Peoria, Scottsdale and Tucson, Plaza Companies is a full-service real estate firm specializing in the management, leasing and development of medical office and commercial office properties, technology and bioscience facilities, mixed-use properties and senior housing communities. Since 1982, Plaza Companies has established a proud track record as a competitive, connected and conscientious real estate firm with partnerships throughout the industries it serves. For more information, visit www.theplazaco.com.
About University Realty
University Realty is a subsidiary of ASU Enterprise Partners, a private, nonprofit organization that creates solutions and generates resources to extend Arizona State University’s reach and advance its charter. For more information, visit www.universityrealtyllc.org.
About Holualoa Companies
Holualoa Companies is a real estate investment firm focused on the successful acquisition, repositioning, redevelopment and disposition of real estate assets. Headquartered in Tucson, Arizona, with offices in Phoenix, Santa Monica, Hawaii and Paris, its investments span the United States and Europe and include office, retail, industrial, multi-family, hotel and mixed-use investment properties. Holualoa is an experienced investor for its own account and on behalf of a select group of private investors.
About the City of Scottsdale
Scottsdale is one of the state’s leading job centers, with a diverse economy built on medical research, high-tech innovation, tourism and corporate headquarters. Scottsdale is home to nearly 18,000 businesses supplying over 210,000 jobs. The high-tech innovation center SkySong, located just a few miles from Old Town, is designed to help companies grow through a unique partnership with nearby Arizona State University. Scottsdale is a premier location for health care providers and biomedical companies seeking to advance medicine and patient care through cutting-edge research. For more information, visit ChooseScottsdale.com
About Arizona Builders Alliance
The ABA is the top trade association for contractors in Arizona that exists to make its 350 member companies and the construction industry more prosperous through education, networking, business development, and advocacy on the state and federal level. The ABA is an alliance of the Associated Builders & Contractors and the Associated General Contractors of America – Building Chapter. Celebrating its 30th year in 2024, the ABA is proud to service the construction industry through advocacy, education, and networking opportunities in the state of Arizona. To learn more, visit www.azbuilders.org or call (602) 274-8222.