A chemical research company signed a new lease for 14,986 square feet of wet laboratory and office space on Ilume’s first floor. Transwestern declined to name the tenant that's taking the space.
Traditionally, the higher up you go in a building, the harder it is to accommodate life science users because it's more difficult to bring water to the higher levels, which is why Ilume Innovation Center has dedicated office space on its third and fourth floors, Stratz said. Ilume Innovation Center is located within the Scottsdale Airpark submarket, which has been a top office leasing performer in the Valley over the past year.