ICONIC MARINA HEIGHTS COMPLETES CONSTRUCTION OF FINAL BUILDING FOR STATE FARM

Ryan Companies and Sunbelt Holdings, co-developers of Marina Heights, have completed construction of the project’s fifth and final office building and have turned over occupancy to State Farm at the 20-acre development on Tempe Town Lake.

“It was the teamwork of State Farm, Sunbelt, Ryan Companies, the city of Tempe, ASU and the unwavering support of the Tempe community that made it happen,” said John Graham, CEO of Sunbelt Holdings.

The State Farm Regional Hub, designed by DAVIS, is a LEED Silver inspired design concept featuring five monolithic glass and stainless steel office towers, four highly interactive retail spaces, and a two-level below grade parking garage.

“A significant partnership with the City of Tempe and Arizona State University was formed to expedite construction and meet the tenant’s needs for recent college graduates and customized programs,” said John Strittmatter, chairman of Ryan Companies’ Southwest region. “We are extremely proud to have achieved this terrific milestone safely – and ahead of schedule.”

The Marina Heights construction team reached over 3.8 million safe hours without a time loss incident during the construction of the five buildings.

Each tower of Marina Heights was designed for unique tenant and visitor experiences:
− Building 300, the westernmost podium office tower, is oriented to focus internally to the campus and offers panoramic views of the entire Tempe lakefront. In addition to amenities found in all of the towers, Building 300 includes Starbucks and a Mountainside Fitness.

− Building 400 was designed as the primary forum for public interaction and features a sculpture, Stream, created by Spanish sculptor Juanjo Novella. Matt’s Big Breakfast is located in Building 400 and is open to the public.

− Building 450’s glass grand staircase that features a suspended artwork of “1000 Cranes,” a sculpture created by local artist, John Tuomisto-Bell, which is visible to the public along the linear park promenade. An Honor Health facility is located on the east side of building 450, with twelve exam rooms, five medical offices, a conference room, an x-ray room with fully lead-lined walls, a treadmill room, and an audio booth.

− Building 500 is a nine story office tower and was the first building completed at the campus. The building also includes a 1,500 square foot retail market called Outtakes.

− Building 600, the final Marina Heights office tower to be completed, has the most floors of any building on campus, consisting of ten floors of office (450,000 RSF) on top of a 7-story podium parking garage with over 2,000 parking stalls. Building 600 features a 23 foot cantilevered balcony overlooking Tempe Town Lake, a balcony on the south side with views of Sun Devil Stadium, two future retail spaces that will provide more amenities for employees and the public, as well as Theater of the Wind, a sculpture created by internationally-recognized artist Ilan Averbuck.

Buildings 300, 400 and 450 were recently honored with the Office Project of the Year RED (Real Estate and Development) Award, presented by AZRE Magazine, and Best of NAIOP’s Office Build To Suit project of the Year.

“I want to extend my thanks to Sunbelt Holdings and Ryan Companies for creating this beautiful development in just four years.  Marina Heights has been a game changer, it was one of the biggest economic developments ever built in Tempe and it has brought thousands of new employees to downtown, changing the landscape of Tempe Town Lake,” said Mayor Mark Mitchell. “We’re grateful it was thoughtfully designed in a way that embraces open space, connectivity to the Town Lake and world-class public art that will be enjoyed by Tempe residents and visitors for generations.”

“We are excited to see the completion of the fifth and final Marina Heights building,” said Morgan Olsen, Executive Vice President, Treasurer and CFO of Arizona State University. “State Farm is a great neighbor for ASU, and the development represents but the first step in the creation of a state-of-the-art, live/work/play environment in the ASU athletic facilities district at the north end of the ASU Tempe campus.

The Marina Heights project design is unmatched in Tempe, with its reflective patterned glass, polished stainless steel panels, balconies and shelves. At night, LED lighting at all of the balconies and shelves bring the buildings to life. Marina Heights is centrally located with easy access to freeways, light rail and transit options and offers sweeping views of Sun Devil Stadium and Tempe Town Lake.

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