Phoenix, Arizona — According to state and local economic development sources Arizona State Land Department plans to invest $24,651,808.00 to build out 168,848 square feet of new space in Phoenix. The company plans to occupy the new space at 20825 N City North Dr in Phoenix, on or about October 1, 2021. According to the company website Our mission is to responsibly manage the assets of a multi-generational perpetual Trust in alignment with the interests of the Beneficiaries and Arizona’s future. Arizona has more than 9 million surface acres of State Trust lands, interspersed throughout the state with federal and private lands. It represents approximately 13% of Arizona’s total surface land ownership. Congress authorized conveyance of federal land grants to territories in the west at statehood to provide foundational support for basic public services, such as education and penitentiaries. Congress mandated that those lands be held in perpetual trust, and that standards for management and disposition of those lands would be codified within the states’ constitution.

To learn more about Arizona State Land Department, visit http://land.az.gov/

Company Contact:
Lisa Atkins, Commissioner
602-542-4631

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