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CANON U.S.A., INC., JOINS TECHNOLOGY COMPANIES AT SKYSONG

Developers of SkySong, the ASU Scottsdale Innovation Center have announced that Canon U.S.A., Inc., will lease 9,000 square feet of space in the first building of the 37-acre mixed-use center at the southeast corner of Scottsdale and McDowell roads. Canon will have a demonstration and showroom area on the ground floor and offices on the fourth floor.

Established more than 70 years ago, Canon is a global leader in professional business and consumer imaging equipment, information systems and other special industrial products.  Canon joins a growing list of global companies locating at SkySong including Qwest Communications Inc., Finao Capital, Ensitech, Energy Ventures, Aurigin Technology Pte. Ltd., Litree Co., Fscreen Sci-tech Co. Ltd. and Sebit.

SkySong Leases and Letters of Intent

SKYSONG FUTURE CONSTRUCTION SCHEDULE

The following is a provisional schedule for SkySong on-site infrastructure improvements and construction:

• On-site infrastructure improvements (water, sewer, drainage, streets, utilities, landscaping, etc.) are essentially completed, with final punch list items being completed in May 2008. This date excludes areas in which landscaping, street furniture, pedestrian lights and finish paving materials are to be held back until the SkySong Tensile Fabric structure is installed. Full completion of the final finish materials for the project is scheduled for October/November 2008, after the SkySong Tensile Fabric structure is erected. 
       
• The shell of the First Building (approximately 157,000 square feet of research offices and 1st floor retail) has been completed. Several tenants have moved in and are operational and additional tenant improvements will continue into summer 2008.
  
  
• The shell of the Second Building (approximately 157,000 square feet of research offices and 1st floor retail) will be completed in May 2008. Tenant improvements for Ticketmaster will also complete in May and occupancy will begin immediately.
  
  
• The Third Building consists of two elements, a parking garage and a 325 unit apartment complex. Grading work and foundation construction for the Garage has commenced (to be completed in Fall/Winter 2008). The apartments are scheduled to begin in late 2008 and be completed in late 2009/mid 2010.
  
  
• Plans for the Fourth Building (tentatively planned to be +/-150,000 square feet of research offices and 1st floor retail) are expected to be submitted to the city's Development Review Board (DRB) in fall 2008. Construction will begin following the DRB review and approval.

For more information, Kroy Ekblaw, executive assistant for strategic projects, (480) 312-7064, kekblaw@ScottsdaleAZ.gov

Case History

• Phase III: 88-DR-2005#2, 88-DR-2005#3 

• Phase I & II: 88-DR-2005  

• Rezoning : 24-ZN-2004