Summary:
- SyberJet Aircraft, led by former Nikola CEO Trevor Milton, just signed the largest direct office lease in metro Phoenix this year — a 130,000-square-foot headquarters at Ascend at Chandler Airport Center.
- The site will serve as a temporary HQ as SyberJet pursues plans for a multimillion-square-foot aerospace manufacturing campus — potentially in Arizona or Utah.
- The company plans to invest over $1 billion in the next three years, with ambitions to raise $3–$5 billion long term to launch its new SJ36 light jet, a nine-seat aircraft with a 3,000-nautical-mile range.
- The impact on Chandler’s market is immediate — this lease dwarfs all others in 2025 and reinforces the East Valley’s position as an aerospace and advanced manufacturing hub.
- If the full headquarters lands in Arizona, the project could eventually bring 1,500 high-wage jobs and billions in capital investment, rivaling major expansions from firms like Intel and Lucid.
Local Takeaway:
Chandler continues to attract massive industrial and tech investments, and this deal signals continued momentum in the East Valley’s innovation corridor near the 202 and Chandler Airport — strengthening the case for investors and landlords focused on high-income tenant bases and long-term job stability in the area.