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Taiwanese semiconductor giant leases 2 floors of Phoenix office space

Canyon Corporate Plaza (JLL Photo)

PHOENIX – In advance of building a massive production facility in north Phoenix, the Taiwan Semiconductor Manufacturing Company is taking over two floors of office space in the city.

TSMC Arizona Corporation has leased 46,735 square feet in the Canyon Corporate Plaza on Dunlap Avenue just east of Interstate 17, according to a press release from commercial real estate company JLL.

JLL represented building owner ViaWest during lease negotiations.

The office space will be the company’s administrative home base for the Phoenix market, with occupancy starting on New Year’s Day.

“Canyon Corporate Plaza offered TSMC a Class A, move-in-ready office environment that is close to single- and multi-family housing, seconds from I-17 and along the future light rail extension,” JLL Managing Director John Bonnell said in the release.

“These amenities, combined with the capital improvements underway by ViaWest, make this the perfect location for TSMC.”

In May, TSMC announced that it selected Phoenix as the site of its second U.S. manufacturing facility after a national search.

The company, which counts Apple among its customers, said it would spend $12 billion on the project from 2021 to 2029.

Federal and local leaders, including U.S. Secretary of State Mike Pompeo and Gov. Doug Ducey, lauded the deal.

Ducey’s office said the project will create about 1,600 tech jobs and generate thousands more in the state for suppliers and other companies in the semiconductor industry.

The plant will be built on 1,128 acres in north Phoenix near Loop 303 at the 43rd Avenue alignment, which the semiconductor giant bought at auction this month from the Arizona State Land Department.

Construction is scheduled to start in 2021, and the production facility should be operating by 2024.

The leased office space is about 15 miles from the plant.

TSMC is headquartered in Hsinchu, Taiwan, and has operations in Asia, Europe and North America. It is the world’s largest semiconductor foundry, according to the company website.

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