Electronics giant Avnet buys office for new global HQ in Tempe

Avnet Inc. found its new global headquarters at Arizona State University Research Park in Tempe after acquiring a 150,000-square-foot Class A office building.

BY JORGE RAMOS/PHOENIX BUSINESS JOURNAL

Jun 10, 2025, 6:00 PM Updated: Jun 11, 2025, 11:45 am

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One of Arizona’s largest public companies has a new home.

Avnet Inc. found its new global headquarters at Arizona State University Research Park in Tempe after acquiring a 150,000-square-foot Class A office building on June 6 from ElmTree Funds LLC for an undisclosed price.

Avnet will move into its new office building, which is located at 2155 S. Science Drive, in the middle of 2026.

The second-largest Fortune 500 company based in Arizona has occupied its current 180,000-square-foot headquarters since 1997 and has an existing lease. An Avnet spokesperson declined to comment on plans for its current lease at the company’s existing headquarters at S. 47th St. in Phoenix.

Transwestern Real Estate Services’ Executive Managing Partner Jim Fijan, Director Jack Fijan, and Senior Vice President Scott Baumgarten represented ElmTree Funds in the transaction. It marks the Valley’s second-largest investment transaction sale in 2025, according to Transwestern.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.