Berkadia To Take Up Entire Floor in Newest Building at SkySong
Construction on SkySong 5 is just barely underway, but leasing activity for the building is heating up with a prominent national tenant signing on for an entire floor.
Berkadia,a joint venture of Berkshire Hathaway and Jefferies Financial Group, has signed a 10-year lease on a 21,000-square-foot space in SkySong 5 — the entire second floor of the project, located adjacent to the new building’s planned signature outdoor event patio. The space will be home to about 90 Berkadia employees.
Berkadia is a leader in the commercial real estate industry, offering a robust suite of services to multifamily and commercial property clients.
“SkySong is a great fit for Berkadia and an ideal location for our company to locate as we grow and expand in Arizona,” said Brett Adams, Senior Vice President with Berkadia. “The spirit of innovation and entrepreneurship at SkySong is well aligned with the Berkadia approach, and we look forward to being a part of the new building at the property.”
Read the entire article at this link.
Numerous Firms Expand Space Within SkySong’s Four Buildings; Innovation & Flexibility Within Project Key to Supporting Growth
Companies locating at SkySong, The ASU Scottsdale Innovation Center are starting to see a trend — they end up needing more space over the course of time because of their growth.
A significant core of SkySong’s tenant base has grown or upgraded their space within the project over the past few years in order to best take advantage of their expansion opportunities while feeding off the project’s spirit of innovation and entrepreneurship.
“Once you step on site at SkySong,” said head property manager Scott Rubin of Plaza Companies, “you can feel the buzz. It’s like no other project in town.”
SkySong’s four existing office buildings, modern buildout and high-tech features provide more options for growth for companies looking to expand within the project than they might find at more traditional developments. And as a result, SkySong is seeing a lot of tenants move out — to bigger spaces in the project. And a number of additional prospective companies are looking to take advantage of the growth potential into the three additional planned office buildings.
Read the entire article at this link.
The southwest’s most innovative commercial development project is innovating once again — this time making the workplace into something far more healthy.
SkySong, The ASU Scottsdale Innovation Center is implementing a broad spectrum of new health and wellness features as part of the creation of a “Culture of Health and Innovation” throughout the project.
The goal is to create a working environment that’s not only good for business, but good for the body and mind as well — and to set SkySong apart from other commercial developments by creating an environment that is truly inspiring for tenants and employees.
The project team — including master developer Plaza Companies, ASU University Realty, an affiliate of the ASU Foundation, the City of Scottsdale and Holualoa Companies — is installing or has already installed features throughout the property designed to create an improved environment for employees, including public art, walkability, outdoor meeting areas and other features.
Read the entire release at this link. Download a site plan of health features here.
Ecolab, a global leader in water, hygiene and energy technologies and services, and Intersys, an IT consulting firm that focuses on big data and data management, are the latest entities to set up shop at SkySong, The ASU Scottsdale Innovation Center.
Ecolab, which currently ranks 211th on 2017’s list of Fortune 500 companies, will take approximately 6,000 square feet of space on the third floor of SkySong 4 after leaving its previous home at Indian School and Scottsdale roads. Intersys, which is based in Austin, Texas, will move its current operations from Tempe Town Lake to a 2,300 square-foot spec suite right next door to Ecolab on the same floor of SkySong 4, leaving only one other first-floor tenant space available for lease.
With the two new contracts signed, SkySong 4, which offers more than 141,000 square feet of Class A office space, is at 87 percent capacity only one year after completing construction.. The four-story research center sets the standard in the Valley with regard for innovation as well as sustainable design and construction practices, and it holds a Silver LEED certification from the U.S. Green Building Council.
“Ecolab and Intersys should feel right at home in SkySong — they are both on the cutting-edge of their industries, and they both embody the entrepreneurial spirit that so many existing tenants here share,” said Sharon Harper, President & CEO of Plaza Companies, the master developer for SkySong. “We are pleased to have them on board, and to have SkySong 4 almost completely occupied just a year after opening.”
Read the entire press release at this link.