SCOTTSDALE, ARIZ. – Construction has commenced on the third office building at SkySong, the ASU Scottsdale Innovation Center. The 145,000-square-foot SkySong III will be located along SkySong Boulevard. Arizona State University (ASU) will lease one and a half of the building’s four floors. Existing tenant WebFilings will also expand its presence at the property by leasing a full floor of the new building. Plaza Companies has also signed a lease at SkySong III. With these leases already in place, the new building has reached 65 percent occupancy before construction even began. The $32-million building is being developed by Plaza Companies in partnership with the Arizona State University Foundation and the City of Scottsdale. Holualoa Companies has also partnered with Plaza Companies on this project. Financing is provided by Alliance Bank of Arizona.
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