Algae fuel company leases 15,000SF (Phoenix)
Heliae Development LLC has signed a 60-month lease at the 202 Business Park in Gilbert. Heliae is a spinoff company that started as part of the algae-based technology program at Arizona State University’s Polytechnic campus in Mesa.
The company is developing a technically viable process to produce aviation fuel from algae.
The lease transaction for 15,070 square feet was announced by Cushman & Wakefield of Arizona, which represented the landlord, Mountain West Industrial Properties in Greenwood Village, Colo. Heliae was represented by CB Richard Ellis in Phoenix.
Read the full story in the Phoenix Business Journal
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