News Summary
The Arizona Builders Alliance (ABA) has signed a lease for 20,869 square feet at SkySong Innovation Center in Scottsdale, boosting the center’s occupancy to 95%. This expansion aligns with ABA’s growth objectives and aims to enhance services for its members. SkySong, a collaboration with Arizona State University, integrates educational resources to drive innovation, making it a vital hub for businesses and startups in the region.
Arizona Builders Alliance Expands Presence at SkySong Innovation Center
The Arizona Builders Alliance (ABA) has officially signed a lease at the SkySong Innovation Center, located in Scottsdale, Arizona. This significant development will add 20,869 square feet of leased space in SkySong 1, the first building completed in this expansive project. With the addition of the ABA, SkySong will reach an impressive 95% capacity, affirming its role as a hub for innovation and entrepreneurship.
SkySong, a collaborative project involving Plaza Companies, University Realty, the city of Scottsdale, and Holualoa Companies, spans over 42 acres and serves as a strategic partnership with Arizona State University (ASU). The innovation center provides access for tenants to university resources, allowing them to benefit from ASU’s faculty, researchers, and educational programs.
The ABA plans to allocate approximately 5,300 square feet of their new space for its corporate office, while the remaining area will be dedicated to educational facilities that support various classes. This move aligns perfectly with the organization’s growth objectives, facilitating enhanced services for its membership base.
Leasing Details
With the lease signed, the Arizona Builders Alliance increases the community’s profile in SkySong, which is known for fostering collaboration between businesses and academic institutions. Plaza Companies, acting as the master developer, manages all aspects of SkySong, including development, financing, construction oversight, leasing renewals, expansions, and ongoing property management. The leasing broker for this exchange is The Coppola Cheney Group of Lee & Associates.
Impact on Local Community
The introduction of ABA to SkySong marks a further step in realizing the center’s goal to create a dynamic environment for innovation-driven businesses. Shannon Harper, the Chairman and CEO of Plaza Companies, emphasized the significance of welcoming the ABA to the SkySong community, aiming to enhance collaboration and innovative practices among tenants.
As organizations like ABA occupy space, the center continues to evolve, offering a platform where educational opportunities can thrive and industry leaders can connect. Kim Davids, President of ABA, highlighted how the new facilities are geared to provide improved services, aligning with the organization’s long-term goals while addressing the needs of its members.
Background on SkySong
SkySong serves as a vital link between the academic prowess of Arizona State University and the entrepreneurial explosion taking place in the Scottsdale region. Situated less than three miles from ASU’s main Tempe campus, the innovation center integrates educational resources directly into its framework, promoting a seamless relationship between theory and practice.
The center’s design and concept aim to nurture startups and established businesses in a comprehensive ecosystem that promotes growth through innovation. It includes office space, educational facilities, and networking opportunities that connect tenants with ASU’s vast resources. As a result, SkySong has established itself as a significant player in Arizona’s economic landscape, attracting a mix of companies from various sectors keen on leveraging the benefits of being part of such an initiative.
As Arizona continues to expand its infrastructure in support of business and technology sectors, the recent lease signed by the Arizona Builders Alliance at SkySong serves as a notable milestone in promoting growth and collaboration in the region.
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Author: STAFF HERE PHOENIX WRITER
PHOENIX STAFF WRITER The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.
