SCOTTSDALE, Ariz. (November 12, 2020) â€” SkySong, The ASU Scottsdale Innovation Center will be the new home for the Valley office of engineering services firm T.Y. Lin International.
The highly regarded international firm has agreed to a long-term lease on a 10,099-square-foot space in SkySong 1, with occupancy beginning on July 1, 2021. They are relocating to SkySong from their existing offices on Tempe Town Lake.
T.Y. Lin International is a global, multi-disciplinary engineering services firm recognized for solving some of the most significant infrastructure challenges in the world. They began looking at SkySong before the COVID-19 pandemic began, and join Limelight and Berkedia as companies that have relocated to SkySong from Tempe.
T.Y. Lin International has 33 employees in the Valley of the Sun, and has been involved in such noteworthy projects as the Pima 101 Freeway Widening I-17 to Princess, the Tempe Town Lake Pedestrian Bridge, and the Hoover Dam Bypass/Mike Oâ€™Callaghan-Pat Tillman Memorial Bridge.
â€œWe are looking forward to relocating to SkySong and becoming part of its culture of innovation and technology,â€ said James Barr, P.E., Arizona/New Mexico Unit Manager for T.Y. Lin International. â€œWe felt that the project was a perfect fit for our company and will create a work environment that will help our employees continue to be at the top of their field.â€
Sharon Harper, Chairman and CEO of Plaza Companies, the projectâ€™s master developer, said T.Y. Lin International is an ideal fit at SkySong.
â€œThis is another example of a large global company looking to enhance its Arizona presence and seeing SkySong as the perfect location,â€ Harper said. â€œWe are very pleased to welcome T.Y. Lin International to SkySong and are confident they will benefit from being part of such a dynamic environment.â€
Neal Woodbury, interim executive vice president and chief science and technology officer, ASU Knowledge Enterprise, said the company is a welcome addition to the SkySong tenant roster.
â€œWe are always working to create new synergies and help companies achieve their maximum potential at SkySong,â€ Woodbury said. â€œT.Y. Lin International is the kind of dynamic, forward-thinking company that will help expand and enhance the projectâ€™s overall vision of innovation and collaboration.â€
The Coppola Cheney Group of Lee & Associates, SkySongâ€™s leasing broker represented the property ownership group. Chris Nord, Greg Fogg and Justin Grilli of Cushman and Wakefield represented T.Y. Lin International.
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 Arizonaâ€™s profile as a global center of innovation through co-location of ASUâ€™s strategic global partners; and
- Create a unique regional economic and social asset.
Companies located at SkySong have the opportunity to partner with Arizona State University, which has more than 100,000 students studying across four metropolitan Phoenix campuses, in Lake Havasu City, Los Angeles, Washington D.C. 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 ASUâ€™s on-site operations, tenant companies have a single point of contact for introductions to researchers, faculty and programs to address their specific needs.
â€” 30 â€”
Plaza Companies is the developer of the project in partnership with Arizona State University Foundation, 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, an independent nonprofit organization dedicated to generating resources for the benefit of Arizona State University. www. asuenterprisepartners.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 stateâ€™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 150,000 jobs. The high-tech innovation center SkySong, located just a few miles from Downtown, is designed to help companies grow through a unique partnership with nearby Arizona State University. The Scottsdale Cure Corridor is a partnership of premier health care providers and biomedical companies seeking to advance medicine and patient care through cutting-edge research. For more information, visitÂ ChooseScottsdale.com.