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.
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, visitwww.theplazaco.com.
About University Realty
University Realty is an affiliate of ASU Enterprise Partners, a 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.
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