Economic Development E-Newsletter | June 1, 2022 |
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Semiconductor innovator Yield Engineering Systems signs 123,000 square foot lease on Chandler's Price Corridor |
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Yield Engineering Systems, known by the acronym YES, has leased 123,000 square feet at 3200 W. Germann Road within the acclaimed Price Corridor. The facility will support YES in serving the region’s thriving semiconductor industry.
YES develops and manufactures thermal, deposition, and wet process equipment that is used in semiconductor, life sciences, and display manufacturing. The Chandler facility will house a “Technology Center” with R&D functions, cleanroom operations, advanced manufacturing, customer support, and office space.
The company plans to have approximately 100 highly educated employees based at the Chandler facility, mostly in technology and engineering positions. The multimillion-dollar capital investment to build out the space will enable the development of advanced technology that supports the US semiconductor manufacturing sector.
“The long-term vision for Price Corridor continues to be realized as we welcome another dynamic and market-leading company to Chandler,“ stated Chandler Mayor Kevin Hartke. “We would like to thank YES for their investment and trust in Chandler, as we know there are many options throughout the world for cutting-edge facilities like this.”
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You're invited: Offerpad - A Startup's Journey |
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The City of Chandler Economic Development Division invites you to join us for a moderated conversation with Brian Bair, Chairman and CEO of Offerpad. The free event will be held on Thursday, June 16, from 4-6 p.m., at the Forum AZ, 2301 S. Stearman Drive.
Headquartered in Chandler, Offerpad is a leading tech-enabled platform for buying and selling residential real estate. The company is part of a digital revolution happening throughout our economy.
During this event, Bair will share his entrepreneurial journey, including the start of Offerpad and how he grew it from a startup to a publicly traded (NYSE: OPAD), nationally known company. The conversation will be moderated by Diana Vowels, CEO of StartupAZ.
If you’re an innovator, entrepreneur, tech enthusiast or just interested in all things business – this is your chance to learn something from a real industry disruptor!
Mark your calendars and join us for a one-hour conversation, followed by a networking mixer. While the event is free to attend, registration is required.
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NewQuest Properties reports that revitalized Chandler Ranch is nearly fully leased |
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With lease-up close at hand, NewQuest Properties is preparing for the next wave of openings in Chandler Ranch, an innovative project seeding Chandler's high-tech hub with new-to-Arizona restaurant and retail brands.
The NewQuest project, totaling 117,565 sf, is 97% leased, a milestone reached within 30 months of the Houston-based developer's acquisition of the property – a one-time struggling center that's been infused with $10 million of capital improvements and re-tenanting. The high-profile project at 1760 W. Chandler Blvd. is anchored by 99 Ranch Market, the California-based grocery chain's first store in Arizona as is the case with the majority of the tenant roster.
Permitting and construction are underway for Daiso (8,260 sf), Gen Korean BBQ House (5,470 sf), The Kickin' Crab (4,678 sf), 85° C Bakery Café (3,555 sf) and Somisomi Soft Serve (1,470 sf). Openings are anticipated to start in the fall and continue through year's end.
"We are grateful to Chandler's economic development team for helping our tenants, who overwhelmingly are new to Arizona, navigate the process," says Naoyuki Kondo, leasing specialist in Houston-based NewQuest's Asia-Pacific Retail Group. "As a result, construction is running smoothly across the board."
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Go on an immersive tour of Chandler at VisitChandler.com |
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Visit Chandler has launched an immersive, 360 degree, interactive virtual tour in an effort to attract new visitors and meetings to Chandler. Combining aerial 360 degree panoramic photos with interactive text and image galleries, the web-based tour can be viewed on any internet-accessible device without the need for an app.
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