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Catalyst
2030 & 2050 E ASU Circle
Tempe , AZ 85254
Real Estate Type: Office
Square Feet: +/- 90,000
Project Overview
2 building/flex campus located in Arizona State University (ASU) Research Park
Designed for flex or office use
Local ownership
Challenge
Two large vacancies came up at the same time
Leasing restrictions exist in ASU Research Park
Vacancy did not show well
Solution
Perform minor demolition to make vacancy more presentable
Contact all high-tech tenants in the ASU Research Park
Market the limited flex space opportunity
Results
100% occupancy achieved again
Fortune 50 credit tenant
Below market standard tenant improvement concessions given
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