As one of Arizona State University’s six Innovation Zones, ASU Research Park supports the efforts of ASU’s sustainability programs. The Research Park has implemented several water-saving features, including timed irrigation, light controls and timers for its exterior landscape. The facility managers for the buildings in the Park have implemented several operational practices to ensure the buildings take advantage of the newest sustainability practices, these include: EMS, recycling, solar energy, LED lighting upgrades, automobile charging stations, energy efficient HVAC systems, lighting sensors, upgraded low E glass and a general practice of conservation and energy efficient building.

In addition to the efforts put forth by the Park tenants and management, AdvancED (previously North Central Association) is LEED BD+C: New Construction v2 – LEED 2.1 Gold Certified.

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:

• Cooperative research opportunities.
• Patentable proprietary research contracts.

The Park’s proximity to Chandler Fashion Center (2 miles south) avails tenants with easy access to over 200 retail shops and 20 restaurants in addition to dozens of restaurants in the immediate vicinity. The Park is also in close proximity to executive housing, over 2,500 hotel rooms, and two hospitals.

Pursuant to ARS 15-1636, ad valorem real property taxes are abated for certain “Qualified Uses” constructed on land leased at the ASU Research Park.

Qualified Uses are defined in the statue and summarized as follows:

• Regional or national headquarters of the lessee or its subsidiaries that are engaged in research or development or education activities.
• Laboratories, offices and other facilities for testing, consulting, and information processing related to research and development.
• Education and training facilities.
• Production, assembly or sale of products pursuant to research and development activities.
• Pilot plants in which processes planned for use in production elsewhere can be tested and assembled.
• Operations required to maintain or support any permitted use, including maintenance shops, power plants, waste water treatment facilities, the keeping of animals, machine shops, common area improvements and facilities, and professional and commercial services supporting permitted uses, such as child development centers, food services and post office and mailing centers.

This summary is based on the language found in ARS 15-2636. ASU Research Park, Inc. its agents and affiliates make no representations or warranties of any kind whatsoever regarding the accuracy of the information provided herein or the availability of the tax abatement for tenants at ASURP.
Individuals in receipt of this summary are encouraged to seek competent legal and accounting counsel as to the accuracy of the information and its impact on any proposed tenancy at ASURP. ASURP Management is available to answer further inquiries on request.

The Research Park has teamed with Ryan Companies as well as other developers to provide build-to-suit opportunities for users that do not wish to develop their own buildings. Ryan Companies has developed or constructed over 600,000 square feet, or 35% of the total built space in the Park to date.

ASU Innovation Zones offer more than just office space. Innovation Zones provide an opportunity to develop a broader partnership with the university and engage with a multitude of resources.  As an Innovation Zone tenant, you’ll have access to a curated list of benefits exclusively provided to members of our Innovation Zones community.

Advantages of the program include a dedicated ASU business concierge, an Innovation Zone scholarship, preferred partner pricing for use of state-of-the-art equipment through our Core Facilities, discounts on popular workforce development courses through Career Catalyst, and many more.

These valuable benefits help you make the most out of co-locating with ASU.