Arizona State University Research Park

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Arizona State University Research Park
Type

Business Park

Recreational Park
Location Tempe, Arizona, United States
Coordinates 33°20′34″N 111°53′52″W / 33.34278°N 111.89778°W / 33.34278; -111.89778Coordinates: 33°20′34″N 111°53′52″W / 33.34278°N 111.89778°W / 33.34278; -111.89778
Area

320 acres (1.3 km²)

18 acres for 3 Lakes
Operated by Arizona State University
Open All year

The Arizona State University Research Park is a business and recreational park that is operated by Arizona State University. Located in the city of Tempe, Arizona, United States; the park sits on eastern half of the square mile bordered on the north by East Elliot Road, on the east by the Arizona State Highway: Route Loop 101 Price Freeway, on the south by East Warner Road, and the west by South McClintock Drive.

Dr. Morgan R. Olsen, Vice President, Treasurer and Chief Financial Officer at ASU, is the current President of the ASU Research Park Board.

Sunbelt Holdings has provided asset management services to the ASU Research Park since 1992.

Park History[edit]

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.

The official groundbreaking occurred in December of 1984, and the first ground lease was executed with Transamerica in April of 1985. Currently the Park has ground leases in place with eighteen different lessees in twenty buildings totaling 1.8 million square feet. The Park is currently home to 48 companies employing over 4,500 people.

ASU Research Park amenities[edit]

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:

  • ASU MBA program on site
  • Cooperative research opportunities
  • Patentable proprietary research contracts

Additional Information:

List of Companies in the Research Park[edit]

  • AEGON USA Realty Advisors
  • Air Products and Chemicals, Inc.
  • Amkor Technology
  • Applied Microarrays, Inc.
  • ASE (US), Inc.
  • ASML
  • ASU MacroTechnology Works
  • Atlantis Health Group
  • Avella Specialty Pharmacy
  • Avnet
  • Bright Horizons
  • Ceco Concrete Construction
  • CMC Laboratories
  • Cytec Engineered Materials
  • Deca Technologies
  • Digital Realty
  • Doctor's Outpatient Surgical Center
  • Edward Jones
  • Elster Services, LLC
  • Etched In Time, Inc.
  • EV Group
  • Fertility Treatment Center
  • Foresite Consultant
  • FTA FTB Research Corp Center
  • ASU Flexible Display Center
  • GoDaddy
  • Great Wall Semiconductor
  • Infocrossing, Inc.
  • Iridium Satellite, LLC
  • Institute for Supply Management
  • ITO America
  • KinetX Aerospace, Inc.
  • Laser Components DG, Inc.
  • Levine Investments, LP
  • Lexington Realty Trust
  • Linear Technology
  • Manpower
  • NAGRA USA
  • North Central Association
  • NXP Semiconductors, N.V.
  • OrthoSenor, Inc.
  • Phoenix Analysis & Design Technologies
  • Piedmont Office Realty Trust
  • Quantenna Communications
  • Red Cable Company, LLC
  • Ryan Companies US, Inc.
  • Soitec Phoenix Labs, Inc.
  • ASU Solar Power Lab
  • Stereotaxis, Inc.
  • Texas Instruments
  • Thermo Fisher Scientific Inc.
  • Titan Formwork
  • Transamerica Realty Services, Inc.
  • US Foods, Inc.
  • Via West Investment Group
  • ViaSat
  • W.P. Carey, Inc.
  • Walgreen Co.
  • W Tempe, LLC

External links[edit]