By Mike Sunnucks | Rose Law Group Reporter
Ryan Companies and University Realty LLC (ASU Enterprise Partners) have completed construction of a new office building at the Novus Innovation Corridor development in Tempe. The office building, 777 Tower, is located at University Drive and Rural Road. The 160,000-square-foot office building is 84 percent pre-leased, according to Ryan.
The Novus Innovation Corridor is a 355-acre development district on Arizona State University owned land next to the school’s Tempe campus. At full buildout, the district could total more than 10 million square feet.
Catellus Development is the master developer at Novus.
“Our team thoroughly enjoyed bringing 777 Tower to life knowing it will further activate the area and provide an innovative space for people to work,” said John Strittmatter, chairman of the Southwest region for Ryan Companies. “It has been an honor to co-develop and build within the Novus Innovation Corridor over the past several years, contributing to the 25,000 jobs that will be created upon completion of the entire development.”
The new building includes penthouse office space and ground floor retail. It was designed by the DAVIS architecture firm.
“Not only will this building be a creative and technologically sophisticated space, but it will also enhance the experiences of tenants, retailers, visitors, ASU employees and students alike,” said Don Couvillion, senior vice president, commercial development, for .University Realty LLC.
ASU programs as well as its Herberger Gallery and technology consulting firm Infosys are among the first tenants at the 777 Tower.