The City of Tempe announced this week that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by ASU adjacent to Tempe Town Lake, subject to City Council approval of development agreement details in the coming month. State Farm will lease office space and anchor the estimated $600 million multi-use development. The campus leased by State Farm will become a hub to include a combination of new hires and existing employees providing claims, service, and sales support to State Farm customers, according to a CoStar report.
"This is a proud day for Tempe and everyone involved. We are tremendously excited about what the addition of State Farm will mean to our community over the decades to come," said Tempe Mayor Mark Mitchell. "These employees, buildings, and amenities will further contribute to and showcase the vibrancy of Tempe Town Lake, Mill Avenue, and Arizona State University, and serve as a catalyst for more high-quality development."
"State Farm selected Tempe because it has a growing population with skill sets that match our customers' needs," said Mary Crego, Senior Vice President, State Farm. "The site along Tempe Town Lake gives our employees access to nearby amenities as well as easy connections to public transportation."
The complex is being developed by Ryan Companies US, Inc. and Sunbelt Holdings. Tempe-based architectural firm DAVIS designed the project.
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