vibrant corporate community, plus the benefits of a comprehensive research university
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As one of Arizona State University’s six Innovation Zones, ASU Research Park supports the efforts of ASU’s sustainability programs. The Research Park has implemented several water-saving features, including timed irrigation, light controls and timers for its exterior landscape. The facility managers for the buildings in the Park have implemented several operational practices to ensure the […]
MoreAmenities and Park Life
Recreation. The ASU Research Park is one of the most highly improved office parks in the greater Phoenix area. The 320-acre Research Park offers its corporations a professional business environment, with mature landscaping and three lakes covering eighteen surface acres. Recreation facilities include over six miles of surfaced jogging trails and picnic ramadas. Transportation. The Park is also […]
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The Park’s proximity to Chandler Fashion Center (2 miles south) avails tenants with easy access to over 200 retail shops and 20 restaurants in addition to dozens of restaurants in the immediate vicinity. The Park is also in close proximity to executive housing, over 2,500 hotel rooms, and two hospitals.
MoreEconomics
Pursuant to ARS 15-1636, ad valorem real property taxes are abated for certain “Qualified Uses” constructed on land leased at the ASU Research Park. Qualified Uses are defined in the statue and summarized as follows: Regional or national headquarters of the lessee or its subsidiaries that are engaged in research or development or education activities. […]
MoreBuild to Suit Opportunities
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As one of Arizona State University’s six Innovation Zones, ASU Research Park supports the efforts of ASU’s sustainability programs. The Research Park has implemented several water-saving features, including timed irrigation, light controls and timers for its exterior landscape. The facility managers for the buildings in the Park have implemented several operational practices to ensure the buildings take advantage of the newest sustainability practices, these include: EMS, recycling, solar energy, LED lighting upgrades, automobile charging stations, energy efficient HVAC systems, lighting sensors, upgraded low E glass and a general practice of conservation and energy efficient building.
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Amenities and Park Life
Recreation. The ASU Research Park is one of the most highly improved office parks in the greater Phoenix area. The 320-acre Research Park offers its corporations a professional business environment, with mature landscaping and three lakes covering eighteen surface acres. Recreation facilities include over six miles of surfaced jogging trails and picnic ramadas.
Transportation. The Park is also strategically located adjacent to major transportation corridors, including full diamond interchanges off Loop 101 at the north (Elliot Road) and south (Warner Road) entrances to the Park. Its central location in the Southeast Valley also affords access to an abundant and educated workforce, and provides easy 15-minute access to Phoenix Sky Harbor International Airport. City bus service is also available to the ASU campus, downtown Tempe and Scottsdale.
Child Care. The highly acclaimed Bright Horizons Family Center in the ASU Research Park provides high quality child care and early education opportunities from infancy through kindergarten. http://brighthorizons.com/tempe
Services Provided by ASU.
The University values relationships with ASU Research Park tenants, and therefore offers tenants access to many university services. These services are negotiated to suit a corporation’s needs and may include:
- Cooperative research opportunities.
- Patentable proprietary research contracts.
Surrounding Area
The Park’s proximity to Chandler Fashion Center (2 miles south) avails tenants with easy access to over 200 retail shops and 20 restaurants in addition to dozens of restaurants in the immediate vicinity. The Park is also in close proximity to executive housing, over 2,500 hotel rooms, and two hospitals.
Economics
Pursuant to ARS 15-1636, ad valorem real property taxes are abated for certain “Qualified Uses” constructed on land leased at the ASU Research Park.
Qualified Uses are defined in the statue and summarized as follows:
- Regional or national headquarters of the lessee or its subsidiaries that are engaged in research or development or education activities.
- Laboratories, offices and other facilities for testing, consulting, and information processing related to research and development.
- Education and training facilities.
- Production, assembly or sale of products pursuant to research and development activities.
- Pilot plants in which processes planned for use in production elsewhere can be tested and assembled.
- Operations required to maintain or support any permitted use, including maintenance shops, power plants, waste water treatment facilities, the keeping of animals, machine shops, common area improvements and facilities, and professional and commercial services supporting permitted uses, such as child development centers, food services and post office and mailing centers.
This summary is based on the language found in ARS 15-2636. ASU Research Park, Inc. its agents and affiliates make no representations or warranties of any kind whatsoever regarding the accuracy of the information provided herein or the availability of the tax abatement for tenants at ASURP. Individuals in receipt of this summary are encouraged to seek competent legal and accounting counsel as to the accuracy of the information and its impact on any proposed tenancy at ASURP. ASURP Management is available to answer further inquiries on request.
Build to Suit Opportunities
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Avaliable Lots
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1AllianceRx Walgreens Prime
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2Amkor
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3ASU MacroTechnology Works
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4AZ Oncology
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5Bright Horizons Family Solutions, Inc
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6Connexion
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7Digital Realty Trust
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9Edward Jones Training Center
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10Ensono
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11FOX Media Center
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12Go Daddy
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13Iridium Satellite LLC
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14Nexus
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15North Central Association
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16PADT Innovation Center
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17Peoples Mortgage
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18Reproductive Medical Institute
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19Research Corporate
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20Tech Data Corporation
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1Lot 12
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- Arizona State University Solar Power Lab
- EV Group
- Flexible Display Center
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- Photo Nitride
AZ Oncology
Bright Horizons Family Solutions, Inc
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- Ceco Concrete
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- Nexnet Partners
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- Stereotaxis, Inc.
- Titan Formwork Systems, LLC
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Ensono
FOX Media Center
Go Daddy
Iridium Satellite LLC
Nexus
- Amazon
North Central Association
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Peoples Mortgage
Reproductive Medical Institute
- Advanced Diagnostic
- Advanced Vein Institute of Arizona
- Arizona Ketamine Treatment & Research Institute
- Fertility Treatment Center
- Physicians Research Group II, LLC
- Surgical Recovery Institute
- Thermo Fisher Scientific
- Toast Coffee
Research Corporate
- Solvay
- Linear Technology
Tech Data Corporation
US Foods, Inc.
Versum Materials
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6,520 SF Office Space
Lot 12
16.478 acres
Lot 27A
5.46 acres
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Engage with us
The ASU Research Park provides an opportunity to connect with one of the fastest-growing university research enterprises in the country. Arizona State University is committed to conducting interdisciplinary, use-inspired research that helps drive economic development and solve local and global challenges. We invite industry to engage with us to help advance their goals. Some ways to connect with ASU include:
- Collaborate with researcher
- Sponsor research or class projects
- Recruit student & alumni talent
- Join an industry consortium
- Support entrepreneurs
- Become a university vendor
- License ASU technology
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Email corporate@asu.edu or call 480.884.0125 for more information. To learn about available facilities and tools, visit: sharedresources.asu.edu.
Learn more about ASU research
MacroTechnology Works
Located in the Research Park, MacroTechnology Works is a unique facility that allows ASU to advance research in partnership with private industry. This facility was first constructed and used by Motorola in 1997 for the semiconductor industry. It offers clean rooms, wet labs, dry labs, high bay space, and office accommodations. Private industry tenants include EVG, AMI, Applied Materials, and Cactus Materials. ASU users include:
- Flexible Electronics & Display Center
- Solar Power Lab
- School of Electrical, Computer and Energy Engineering
- School for the Engineering of Matter, Transport and Energy
- Department of Physics
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Dr. Morgan R. Olsen
Joanne Wamsley
Dr. Amy Hillman
José Cárdenas
Ann McCartney
F. Rockne "Roc" Arnett
Dr. Kyle Squires
Brad Jannenga
Drena Kusari
Denny Barney
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Morgan R. Olsen Morgan R. Olsen serves as the President of the ASU Research Park Board, Inc. Dr. Olsen is the Executive Vice President, Treasurer and Chief Financial Officer at Arizona State University. He came to Arizona State from Purdue University, where he served as Executive Vice President and Treasurer. Before he joined Purdue, Dr. Olsen, served as the business and financial vice president at three other higher education institutions, Southern Methodist University, Eastern Illinois University and Emporia (Kansas) State University. His responsibilities at Arizona State University include oversight of treasury and financial functions, budgets and financial planning, capital projects, real estate, facility operations, business services, human resources, environmental health and safety, information technology, ASU Police and auxiliary services. He also serves on the ASU Foundation Board and holds an appointment as Professor of Practice in the Mary Lou Fulton Teachers College of Education. He is on the board of directors of the United Educators insurance company, and is past chair of the board of directors for the National Association of College and University Business Officers (NACUBO). He is also a past president of the Central Association of College and University Business Officers (CACUBO). Dr. Olsen earned a bachelor's degree, summa cum laude, in political science and a master's degree in public administration from the University of North Dakota, where he was inducted into Phi Beta Kappa, and a Ph.D. in higher education from the University of Kansas. He served as acting executive budget analyst for the North Dakota Office of Management and Budget before entering university administration in 1985.
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Joanne Wamsley is the Senior Associate Vice President for Finance and Deputy Treasurer. Serving as ASU’s chief accounting officer, she oversees student business services, investment management, tax compliance, business technology services, debt issuance, general accounting and other financial management services. Ms. Wamsley earned bachelor’s degrees in economics and accounting, as well as an MBA, from Arizona State University. She began her professional career in Denver, Colorado with KPMG, formerly Peat, Marwick, Mitchell & Co, prior to joining the Arizona State University Financial Services office in 1983. Since that time she has held progressively more responsible leadership positions within the financial services office until her current appointment in December 2009. Ms. Wamsley is a certified public accountant, certified government financial manager, and chartered global management accountant. She is a member of the American Institute of Certified Public Accountants, the Arizona Society of Certified Public Accountants, and the Association of Government Accountants.
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Dr. Amy Hillman is the Dean and Rusty Lyon Chair of Strategy of the W. P. Carey School of Business at Arizona State University. She received her PhD from Texas A&M University in Strategic Management and Business and Public Policy. Her areas of interest include corporate political strategies, boards of directors, and firm performance and resource dependence linkages. She is former Editor of Academy of Management Review and a former Associate Editor of Academy of Management Journal. Her research has been published in leading journals such as Academy of Management Review, Academy of Management Journal, Strategic Management Journal, Organization Science, and Journal of International Business Studies. She also serves or has served on the Editorial Review Boards of the Academy of Management Journal, Strategic Management Journal, Journal of Management and Journal of International Business Studies. Amy joined ASU in June, 2001. An award-winning undergraduate and MBA teacher, she previously taught at the Ivey Business School at The University of Western Ontario, the Broad Business School at Michigan State University and the Mays College of Business at Texas A&M University. In addition, she has spent several summers as a guest professor at the Institute for International Management at Johannes Kepler University in Linz, Austria. Prior to joining academia, Amy was general manager of a retailing and manufacturing organization in the Southwest United States.
José Cárdenas , Member
José Cárdenas is Senior Vice President and General Counsel of Arizona State University. He serves as ASU’s chief legal officer, and serves as a University representative on and to the boards of directors of ASU affiliated and related entities. Mr. Cárdenas graduated from UNLV in 1974 and from Stanford University Law School in 1977. Before joining ASU in 2009, he practiced law for 30 years as a commercial litigator with Lewis and Roca. He also served as the firm’s managing partner and later as its chairman. Mr. Cárdenas is active in the community, which includes his service as a trustee of the Virginia G. Piper Charitable Trust. He is a member of the American Law Institute and a Fellow of the American Bar Foundation.
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Ann McCartney is the owner and Managing Director of Lighthouse Commercial Finance, a commercial mortgage banking firm based in Phoenix, Arizona. Ann is responsible for all aspects of the company’s operations, which include origination of debt and equity investments on all commercial property types. Ann has been in the commercial property finance industry for over 30 years. Her prior experience includes serving as Senior Vice President in commercial real estate lending with Enterprise Bank & Trust. Prior to that, Ann served as SVP of a $730 million private equity debt fund, responsible for managing a $250 million loan portfolio and also serving on that firm’s investment committee. She was also a Principal of Keystone Mortgage Partners, a mortgage banking firm with five offices in three states and $2 billion in mortgage servicing. Keystone was sold to GMAC in 2001. Ann earned an undergraduate degree in Real Estate from Arizona State University and an MBA from Thunderbird School of Global Management. She is a licensed real estate broker in both Arizona and California. Ann is active and has served on the Boards of several industry and philanthropic associations including Urban Land Institute, LAI, AZ CREW, Arizona Commercial Mortgage Lenders Association, Social Venture Partners and Gabriel’s Angels. She is a licensed commercial pilot and flight instructor.
F. Rockne "Roc" Arnett, Member
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Most recently Brad Jannenga co-founded WebPT and grew the company from an idea in 2006 to its Series B investment with Battery Ventures in 2014 while serving as Chairman, President & CTO. Prior to WebPT, Brad developed successful SaaS platforms for Franchise.com, Shea Homes & Stewart Title. He was honored with Ernst & Young's 2013 Entrepreneur of the Year award and the Phoenix Business Journal's 2013 Tech Titan award. In 2012, Brad earned HealthData Management's EHR Game Changer Award, 35 Top Entrepreneurs in AZ, Innovator of the year and made Phoenix Business Journal's Top 40 Under 40 list. Currently he is in stealth mode on his next venture. Committed to giving back to the community, Brad mentors local entrepreneurs, works with a variety of nonprofit organizations, and serves on the boards of The Partnership for Economic Innovation, StartupAZ Foundation, and the Warehouse District Council. He is also incredibly passionate about the revitalization of our historic Warehouse District and creating density within the entrepreneurial tech community. Brad is a proud dad, a lover of the outdoors, and a certified archery instructor.
Drena Kusari, Member
Born and raised: In Kosovo, moved to the U.S. at the age of 17 Career highlights: Worked on Wall Street/finance for Goldman Sachs, Morgan Stanley and the Carlyle Group; receiving my MBA which, has opened many doors throughout my career; worked in strategy and management consulting at McKinsey; have worked in technology for about 10 years now, culminating in my current role at Lyft, which has been every expanding. First as the GM for Phoenix, then the GM of Southwest and most recently, GM of Southwest and Hawaii. My role at Lyft has by far been the highlight of my career to date.
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Denny Barney is a sixth generation native of Arizona and lives in Gilbert with his wife Nichole, and their four children. He has a strong business background and is a principal in ARCUS Private Capital Solutions, a specialized realty investment and finance company. He studied political science in college with a degree in International Relations and a minor in Japanese. Denny also has a law degree from ASU and is admitted to practice law in the state of Arizona.
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Partners
- Arizona Commerce Authority(ACA)
- City of Tempe Economic Development
- Greater Phoenix Economic Council
- Sunbelt Holdings
- Ryan Companies
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Sunbelt Holdings has managed and marketed the ASU Research Park since 1992. Founded in 1979, Sunbelt is an established leader in real estate development, and provides expertise in marketing, asset management, and investment. Sunbelt has developed a number of iconic projects and master-planned communities, and is also a committed partner in the community at large.
For more information, please contact Heidi Kimball.
For on-site property management inquiries, please contact Melissa Scott.
About ASU
Arizona State University is the largest public research university in the United States under a single administration, with total student enrollment of more than 70,000 in metropolitan Phoenix, the nation’s sixth-largest city. ASU is creating a new model for American higher education, an unprecedented combination of academic excellence, entrepreneurial energy and broad access.
This New American University is a single, unified institution comprising four differentiated campuses positively impacting the economic, social, cultural and environmental health of the communities it serves. Its research is inspired by real-world application, blurring the boundaries that traditionally separate academic disciplines. ASU champions intellectual and cultural diversity, and welcomes students from all 50 states and more than 120 nations.
To learn more about ASU, visit www.asu.edu.
Our History
In 1956, the 320-acre Jones farm was acquired with funds from the Arizona State College Foundation (now the ASU Foundation) and was utilized by the college as an experimental farm. In 1979, the University disbanded its agricultural program and began to formulate a plan for re-use of the farm. The actual formation of the Research Park took several years, and required collaboration by a number of governmental agencies. Enabling legislation was enacted in April of 1983, authorizing the use of improvement bonds for infrastructure, and prescribing the formation of a park authority.
In July of 1983, the Arizona Board of Regents authorized ASU to form a not-for-profit research park corporation, and in May 1984, under the leadership of ASU President J. Russell Nelson and Dean Roland Haden of the College of Engineering, the experimental farm became the ASU Research Park. Municipal improvement bonds were issued by the City of Tempe to construct the Park’s infrastructure, with repayment generated from long-term ground leases of park land. The infrastructure improvements included streets, utilities, landscaping and lake system that users of the Park enjoy today.
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On-Site Management Office:
8750 S Science Dr
Tempe, AZ 85284
480.752.1000
Email Melissa Scott
General information or inquiries regarding on-site amenities:
Melissa Scott
Sunbelt Holdings
480.752.2108
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For ground lease information please contact:
Heidi Kimball
Sunbelt Holdings
480.609.2304
Email Heidi Kimball
360-degree aerial view of the ASU Research Park