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Film Studio Quietly Corners ASU Research Park Space

TEMPE, AZ-Fat Cat Animation subleases 43,773 sf of class A office space from Netherlands-based ASML Holding NV, picking up an eight-year term with a payout of nearly $5.4 million for space that wasn't on the market.

By Jennifer D. Duell | Updated on May 09, 2005

TEMPE, AZ-Fat Cat Animation has quietly secured an eight-year sublease for 43,773 sf of class A office space from Netherlands-based ASML Holding NV. The film studio, now occupying 5,000 sf, is making plans for an immediate move into an Arizona State University Research Park building.

The Salt Lake City-based Fat Cat’s sublease for 2010 E. Centennial Circle is valued at nearly $5.4 million, according to Lee Copalman, an associate with Re/Max Commercial Investment in Scottsdale. “Fat Cat wanted a place that had an artistic feel rather than just an office building and that’s why we ended up at the Research Park,” he tells GlobeSt.com. He says the inbound tenant plans to hire about 150 people, but also is considering an eventual move of its corporate headquarters to the Valley.

Copalman says finding the right space for Fat Cat was a challenge. “We looked for more than a month,” he recalls. “They needed space they could grow into and it had to be space that artists could work in around the clock–that was one of their major concerns.”

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