ASML, a semiconductor equipment provider based in the Netherlands, signed a 15-year lease in a build-to-suit building in the Arizona State University Research Park in Tempe. ASML will use the 116,000-sf building as its U.S. Training Center for its semiconductor manufacturing equipment. The building is at 2010 E. Centennial Circle.

The 15-year lease on the property has a valuation of $43 million, making it the largest lease of all of 2000.

ASML provides wafer steppers, which imprint circuit images onto silicon wafers.

The new training facility is expected to bring up to 5,000 clients and employees per year from around the world to be trained on the company's wafer-stepper systems, including ASML's next generation of 300-millimeter systems, the Twinscan family.

The facility is located in the heart of the burgeoning high-tech corridor. Intel has two semiconductor fabrication plants about two miles to the south of the property, and Motorola has a major facility less than a mile away.ASML entered into a built-to-suit lease with Ryan Companies, which built the facility.

The Phoenix office of CB Richard Ellis, with broker Greg White, represented ASML in the 15-year lease and represented Ryan in its 84-year ground lease from ASU for the eight-acre parcel.