Just a month after the vacant Tempe Gateway office building was sold, a lease has been signed for the top two floors of the eight-story structure.
Tempe-based Limelight will move into the downtown building in early 2011, bringing life to a structure that stood idle for more than a year because its original developer went into bankruptcy.
The building is owned by Seattle-based Vulcan Real Estate, a venture of Microsoft co-founder Paul Allen. The recent transaction signals Tempe’s economy is rebounding and that companies find downtown desirable, said Robert Arron, Vulcan’s senior director of marketing and leasing.
“Our activity has been very solid,” Arron said. “We actively are talking to a number of tenant prospects.”
When Limelight moves in, the technology company will consolidate multiple Valley offices that employ 200 workers. The company chose the spot partially because of access to light rail and its being on a light-rail stop, Limelight marking vice president Paul Alfieri said.
ariz4nebr posted at 12:27 pm on Fri, Jul 30, 2010.
I want to say thanks to Paul Allen for coming to Arizona! I lived in Washington state 30+years mostly in the Seattle-Everett area and have a great respect for Paul Allen-more so than Bill Gates,although both are intelligent men I witnessed the many good things Paul Allen was involved in! Not strictly to be a money-monger as most of the wealthy become, but a person who really truly believes in using his wealth and influence in the proper way! He is a true-blue man and is the very best thing that could happen to this area because of the severe economic woes we suffer here! Remember,don't make an opinion of him just because he has made a fortune in the Microsoft business! He's not that kind of man! Ex-Washingtonian! Duane Heath