SkySong, The ASU Scottsdale Innovation Center recently received two prestigious awards from the National Association of Industrial and Office Properties, Arizona Chapter (NAIOP) — Economic Impact Project Of The Year and Spec Office Project Of The Year for 2016.
The Best of NAIOP event is dubbed the “Academy Awards” for the commercial real estate industry. Nominations for 2016 were reviewed and rated by a panel of NAIOP judges who select the best in a variety of categories from building to individuals.
NAIOP, the Commercial Real Estate Development Association, is an organization for developers, owners and related professionals in office, industrial and mixed-use real estate. NAIOP advances responsible sustainable development that creates jobs and benefits the communities in which its members work and live.
SkySong’s economic impact is significant, and the Best of NAIOP Award for Economic Impact Project of the Year is a testament to that impact. According to an economic impact study from GPEC, SkySong’s economic impact will exceed $32 billion over the next 30 years. More than 2,000 people currently work at SkySong in the four existing office buildings.
SkySong 4 received the recognition for Spec Office Project of the Year against strong competition. The 145,000-square-foot building opened in November 2016 and is home to several innovative companies, including EdPlus at ASU, Booker Software, MindBody and BrightCove, with more leases pending.
“SkySong is a true representation of many partners joining forces to create office spaces that encourage interaction, innovation and collaboration in our local community,” said Sharon Harper, President and CEO of Plaza Companies, the master developer of the project. “We are excited to see how the growth of this project has continued to generate excitement and recognition, and we are pleased to receive this prestigious recognition from NAIOP.”
Sethuraman Panchanathan, executive vice president of Knowledge Enterprise Development and chief research and innovation officer at Arizona State University, said that awards show just the kind of impact SkySong’s approach to innovation and technology is having on the business community.
“It is gratifying to see SkySong receive such recognition as Best of NAIOP because it shows the commitment to innovation is truly making a difference in attracting people to the project,” Panchanathan said. “The combination of exceptional quality and a focus on technology and entrepreneurship are what set SkySong apart in the marketplace and make it a great place to work.”
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 co-location of ASU’s strategic global partners; and
- Create a unique regional economic and social asset.
Companies located at SkySong have the opportunity to create relationships with Arizona State University, which is located less than three miles from SkySong. Through ASU’s on-site operations, tenant companies have a single point of contact for introductions to researchers, faculty and programs to address their specific needs.