Reporter-Phoenix Business Journal
May 24, 2013
Tempe city officials have finally put to rest months of rumors and confirmed in a statement Friday that a massive regional headquarters along Tempe Town Lake will be built for State Farm Insurance.
I first reported on the story back in February — although all parties involved, including State Farm, remained tight lipped until now — but the project is much bigger than first thought.
In fact, city officials said the mixed-use project, dubbed Marina Heights, will be the largest office development deal in Arizona history. According to Business Journal research, the largest office project in the state is the Arizona Center in downtown Phoenix, at 1.2 million square feet.