Staff Reports | Business & Commerce
SkySong, The ASU Scottsdale Innovation Center, is continuing to attract expanding companies, highlighted by Modern Wealth’s move to a 24,526-square-foot flagship office that will occupy the top floor of SkySong 5.
The move follows Modern Wealth’s acquisition of Mesa-based Public Safety Financial/Galloway, a transaction that significantly expanded the company’s Arizona presence and strengthened its position in the wealth management industry.
Founded by Mike Galloway, a Marine Corps veteran and former police lieutenant, Public Safety Financial/Galloway built a $1.1 billion advisory business serving more than 3,000 clients, including police officers, firefighters, government employees and their families.
The acquisition, announced in September 2025, marked Modern Wealth’s entry into Arizona and established a Public Safety Financial division focused on first responders and public-sector employees. The transaction also designated the Phoenix area as one of the company’s Organic Growth Hubs, intended to support recruiting, business development and expansion efforts.
Rather than relocating an existing operation, Modern Wealth’s move to SkySong represents an expansion of its Arizona footprint following the acquisition. The company, founded by former United Capital executives including President and Co-Founder Jason Gordo, surpassed $10 billion in assets under management in 2025, according to a press release.
“We’re excited about what this next chapter represents for Modern Wealth in Arizona,” Jason Gordo, president and co-founder of Modern Wealth, said. “The combination of the Galloway organization, our growing team and the opportunity to build an Organic Growth Hub in the Phoenix market creates an important platform for our continued expansion. SkySong gives us the kind of environment and presence we were looking for as we establish our flagship Arizona operation.”
The company will occupy the entire sixth floor of SkySong 5, providing room for continued growth in Arizona.
For SkySong, the lease is another example of the project’s ability to accommodate companies entering new markets while also supporting future expansion.
“Modern Wealth is a great example of the kind of growth story we want to see at SkySong,” Sharon Harper, chairman and CEO of Plaza Companies, said. “This is much more than a company moving offices. They are bringing together a major Arizona business they acquired, establishing a new growth hub and making a significant commitment to the market. We are excited to be the home for that next chapter.”
Modern Wealth was represented in the transaction by Bryce Terveen of Colliers.
The latest leasing activity also includes Upward Architects, which signed a lease for 5,188 square feet in one of SkySong’s new speculative suites in SkySong 2 while the space was still under construction.
The company was represented by Matt Nebeker of Lee & Associates.
Flare, a legal technology company that develops software for law firms and legal professionals, also expanded its footprint at SkySong with a 3,054-square-foot expansion in SkySong 5.
Headquartered in San Diego with offices in New York and Tel Aviv, Flare added to its existing presence at the project as it continues to grow its operations.
Flare was represented by Shane Poppen and Jeffrey Jackson of Savills.
Together, the three transactions account for approximately 33,000 square feet of leasing activity at SkySong.
Ms. Harper said the activity reflects a mix of new companies joining the project and existing tenants increasing their commitment to the campus.
“We are seeing both sides of the market right now,” Ms. Harper said. “Companies like Modern Wealth and Upward Architects are choosing SkySong because of what the campus offers, while existing tenants like Flare are expanding because they see the value of continuing to grow here. That combination is a very positive indicator for the project.”
The activity follows several recent leases and expansions at SkySong involving companies in financial services, construction, commercial real estate and professional services.
Plaza Companies is the master developer of SkySong in partnership with ASU’s University Realty, the City of Scottsdale and Holualoa Companies. SkySong is one of nine ASU Innovation Zones across the Valley.
Plaza Companies provides development, financing, construction oversight, leasing renewals and expansions, and property management services at SkySong. The Coppola Cheney Group of Lee & Associates serves as SkySong’s leasing broker.
SkySong is a 42-acre mixed-use development designed to encourage collaboration and innovation among technology companies, researchers and global business partners. Companies located at SkySong have opportunities to connect with Arizona State University talent, research and industry resources through the university’s Innovation Zone network.
Arizona State University serves approximately 194,000 students across its metropolitan Phoenix campuses, Los Angeles, Washington, D.C., and online programs. Its Tempe campus is located less than three miles from SkySong.
Through ASU’s on-site operations at SkySong, tenant companies have access to university contacts who can facilitate introductions to researchers, faculty and programs across the Greater Phoenix region.
