Axon buys 73.57 acres in Scottsdale for $49.1M

Real Estate | 15 Sep |

Axon Enterprise, Inc., was the successful bidder during a public auction of State Trust land at the southeast corner of Hayden Road and Loop 101 in Scottsdale. The 73.57-acre parcel’s final bid price was $49.1million. 

Axon has been headquartered in Scottsdale since 1993. The new land acquisition sets the stage for them to build a new, state-of-the-art facility where the company can continue to produce dynamic products that are helping to shape the future of law enforcement.

“We founded this company in an Arizona garage. We have proudly dedicated these past 27 years to developing innovative products for law enforcement and the communities they serve while also becoming a worldwide leader in public safety technologies. With the land we just purchased, we have the space we need to continue to build on that work for generations to come,” said Axon Enterprise, Inc., CEO and founder, Rick Smith. “We are proud that TASER devices are made in America and will continue to be made in Arizona.” 

“A critical part of our success over the years has been working with partners in government who recognize the importance of manufacturing, innovation and technology. With the State of Arizona and the City of Scottsdale, we found partners that embrace this same philosophy. We want to thank everyone involved in helping us find a way to stay in Scottsdale. We’re looking forward to continuing to expand, innovate, and bring quality new jobs to Scottsdale so we can continue to support our public safety customers,” said Smith. 

In August, the Scottsdale City Council approved an infrastructure reimbursement agreement with Axon contingent on the firm’s successful bid for the parcel. Axon will build an expanded corporate campus on the site – approximately 250,000 square feet over the next five years to accommodate 1,500 employees.

“The success of the state land auction is significant to the future of the city of Scottsdale,” said Mayor W.J. “Jim” Lane. “Axon was founded here in Scottsdale as TASER Incorporated. They have since expanded their product lines and changed their name – but they retain their position as an industry leader and as one of the top employers in Arizona. I am very pleased they will continue to call Scottsdale home.”

Arizona State Trust lands are managed to obtain their highest and best use and to maximize their financial return to the 13 State Trust beneficiaries, with the largest beneficiary being Arizona’s K-12 public schools. Learn more at land.az.gov

Show Buttons
Hide Buttons