PHOENIX – First Solar, the largest solar technology company in the United States, will relocate its Tempe-based offices seven miles north to central Phoenix.
The new offices will be housed on the second floor of The Grove, an office building at 44th Street and Camelback Road, which also houses tenants like PWC and JP Morgan. First Solar’s offices will be 18,725 square feet, or around 2.5% of The Grove’s total space.
The news comes after First Solar’s second quarter results were “received positively,” according to Yahoo! Finance. CEO Mark Widmar said the company “progressed our domestic capacity expansion during the quarter,” with $1.10 billion in revenue reported.
Christine Mackay, Phoenix’s director of community and economic development, said First Solar staying in the Valley signals the city’s commitment towards “long-term economic growth and innovation.” First Solar’s Samantha Sloan added, “We look forward to placing our Arizona-based team in a setting designed for performance and flexibility.”
First Solar opened its doors in Tempe in 1999.
RED Development oversees The Grove’s development and offices, alongside other city spaces like Biltmore Fashion Park, Chandler Gateway and Downtown Phoenix’s CityScape. The company’s managing partner, Mike Ebert called First Solar’s move “a strong addition,” adding “the demand we’re seeing speaks to the appeal of a mixed-use environment.”
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