Helios Education Foundation Purchases Property For Its Education Campus
Author: Helios Education Foundation
Posted on: October 14, 2016
Helios Education Foundation announced today the purchase of two adjacent properties on the east side of 32nd Street between Camelback Road and Highland Avenue in Phoenix, which will become the future home of the Helios Education Foundation Education Campus. The three-acre campus will house the Foundation’s permanent headquarters and a 20,000-square-foot building providing office space for strategic partners and space for community convenings. The properties were purchased for $10.8 million.
“This is an exciting day for Helios, and it’s a tremendous milestone for us as we expand on our vision in Arizona,” said Helios Education Foundation’s Founding Chairman Vince Roig. “As a Foundation created to exist in perpetuity, establishing a permanent home enhances our work and makes a statement regarding our commitment to this state and the people we serve.”
New construction is planned for the Helios office space and the Foundation will make significant renovations to the existing 20,000-square-foot building currently on the property. The new facility and campus will include onsite parking and other amenities. Planning, design and construction are set to begin over the next year with a construction completion goal of July 2018.
“Collaborating and convening are continuing to emerge as key pillars to the success of our education reform work in Arizona,” said Helios Education Foundation’s President and CEO Paul Luna. “Building an education campus with office space for strategic partners and space for community convenings is central to our beliefs in community, investment, equity and partnership.”
Helios has hired Steven A. Betts as its owner representative to pursue the design and construction of the headquarters building and campus. Mr. Betts is the Founder and President of Betts Real Estate Advisors and recently retired as President and CEO of SunCor Development Company, a subsidiary of the Pinnacle West Capital Corporation. He has worked as a developer of master planned communities throughout the Mountainwest and large-scale office, industrial, retail and mixed use urban projects in metropolitan Phoenix.
As a former Board Member of Southwest Student Services Corporation, Mr. Betts was part of the visionary leadership that helped create Helios Education Foundation. Southwest Student Services Corporation was the eighth largest holder of student loans in the country when it was sold to Sallie Mae in the early 2000s. The net proceeds from the conversion and sale of Southwest Student Services Corporation led to the creation of Helios and its initial $525 million endowment.
The Foundation’s current Phoenix office is located at 2415 E. Camelback Road and has been the Foundation’s home since inception in 2004. The purchase of these two properties comes amid continued staff growth for the organization, which now consists of 26 employees across its Phoenix, Arizona and Tampa, Florida offices.