Board of Directors
Sunbelt Holdings has managed and marketed the ASU Research Park since 1992. Founded in 1979, Sunbelt is an established leader in real estate development, and provides expertise in marketing, asset management, and investment. Sunbelt has developed a number of iconic projects and master-planned communities, and is also a committed partner in the community at large.
For more information, please contact Heidi Kimball.
For on-site property management inquiries, please contact Melissa Scott.
Arizona State University is the largest public research university in the United States under a single administration, with total student enrollment of more than 70,000 in metropolitan Phoenix, the nation’s sixth-largest city. ASU is creating a new model for American higher education, an unprecedented combination of academic excellence, entrepreneurial energy and broad access.
This New American University is a single, unified institution comprising four differentiated campuses positively impacting the economic, social, cultural and environmental health of the communities it serves. Its research is inspired by real-world application, blurring the boundaries that traditionally separate academic disciplines. ASU champions intellectual and cultural diversity, and welcomes students from all 50 states and more than 120 nations.
To learn more about ASU, visit www.asu.edu.
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 twenty-four different lessees in twenty-six buildings totaling 2.2 million square feet. The Park is currently home to 48 companies employing over 6,000 Arizonans.