Ryan Companies and Sunbelt Holdings, co-developers of Marina Heights, have completed construction of the project’s fifth and final office building and have turned over occupancy to State Farm at the 20-acre development on Tempe Town Lake.
“It was the teamwork of State Farm, Sunbelt, Ryan Companies, the city of Tempe, ASU and the unwavering support of the Tempe community that made it happen,” said John Graham, CEO of Sunbelt Holdings.
The State Farm Regional Hub, designed by DAVIS, is a LEED Silver inspired design concept featuring five monolithic glass and stainless steel office towers, four highly interactive retail spaces, and a two-level below grade parking garage.
“A significant partnership with the City of Tempe and Arizona State University was formed to expedite construction and meet the tenant’s needs for recent college graduates and customized programs,” said John Strittmatter, chairman of Ryan Companies’ Southwest region. “We are extremely proud to have achieved this terrific milestone safely – and ahead of schedule.”
The Marina Heights construction team reached over 3.8 million safe hours without a time loss incident during the construction of the five buildings.
Each tower of Marina Heights was designed for unique tenant and visitor experiences:
Buildings 300, 400 and 450 were recently honored with the Office Project of the Year RED (Real Estate and Development) Award, presented by AZRE Magazine, and Best of NAIOP's Office Build To Suit project of the Year.
“I want to extend my thanks to Sunbelt Holdings and Ryan Companies for creating this beautiful development in just four years. Marina Heights has been a game changer, it was one of the biggest economic developments ever built in Tempe and it has brought thousands of new employees to downtown, changing the landscape of Tempe Town Lake,” said Mayor Mark Mitchell. “We’re grateful it was thoughtfully designed in a way that embraces open space, connectivity to the Town Lake and world-class public art that will be enjoyed by Tempe residents and visitors for generations.”
“We are excited to see the completion of the fifth and final Marina Heights building,” said Morgan Olsen, Executive Vice President, Treasurer and CFO of Arizona State University. “State Farm is a great neighbor for ASU, and the development represents but the first step in the creation of a stateof-the-art, live/work/play environment in the ASU athletic facilities district at the north end of the ASU Tempe campus.
The Marina Heights project design is unmatched in Tempe, with its reflective patterned glass, polished stainless steel panels, balconies and shelves. At night, LED lighting at all of the balconies and shelves bring the buildings to life. Marina Heights is centrally located with easy access to freeways, light rail and transit options and offers sweeping views of Sun Devil Stadium and Tempe Town Lake.
About Sunbelt Holdings
Sunbelt Holdings has been a recognized leader in real estate development, management and investment throughout the Southwest since 1979. Over the years, the firm has gained an understanding of the area’s unique characteristics that only time and experience can teach. Sunbelt entered the local market more than 30 years ago with a strong presence in commercial development and asset management. Early projects like the Phoenix Gateway Center remain successful icons. Recent acquisitions of turn-around assets have provided unique opportunities to add value in the ‘class A’ office market with the Hayden Ferry Lakeside project in Tempe, and the PV|303 industrial project in the West Valley. Sunbelt also developed some of the Valley’s most beloved residential communities including McDowell Mountain Ranch in Scottsdale, Power Ranch in the East Valley and Vistancia in the Northwest Valley. In all, Sunbelt has developed over 50,000 acres of land over the past 30 years. For more information, please visit www.sunbeltholdings.com.
About Ryan Companies US, Inc.
Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, architect, builder, capital investment consultant, and real estate manager with a focus on bringing lasting value to its customers and the communities in which it works. Ryan’s market depth includes retail, industrial, healthcare, and senior living. Ryan’s development and corporate build-to-suit work spans a wide range of product types including office, mixed-use, hospitality, multifamily housing and mission critical facilities. With a focus on bringing lasting value to its customers and the communities in which it works, Ryan has nearly 1300 employees in 13 offices and has completed projects in 38 states. For more information, visit ryancompanies.com.