Nox Group Invested in New Tempe Headquarters
The firm is converting an industrial site into an office hub as it scales operations for rapid revenue growth.
Updated on Oct. 12, 2026 in Remote Work
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Nox Group has purchased a 128,000-square-foot building at 1255 W. Washington St. in Tempe for $17.6 million. The company is currently investing $30 million to renovate the property into a new headquarters to support its exponential growth.
Why it matters
The investment signals a shift toward centralized office space to accommodate the company's scaling workforce. This expansion reflects broader growth, as the firm aims to reach $1 billion in revenue by 2026.
Nox Group spent $17.6 million on a 128,000-square-foot building at The Arroyo complex, adding to 200,000 square feet of total real estate acquired over the past year. The firm is pouring $30 million into the facility as it targets $1 billion in annual revenue by 2026.
The players
Nox Group
A high-growth enterprise that has acquired over 200,000 square feet of real estate in the past year.
Justin and Jessica Martin
The owners who acquired Nox Group in 2018 and have since directed its path toward a $1 billion revenue projection.
The details
The firm is repurposing an industrial facility within The Arroyo complex to create a dedicated headquarters. This $30 million renovation project is designed to centralize operations as the company manages its rapid expansion. The scale of the property investment aligns with the firm's broader strategy of aggressive growth following its 2018 acquisition by Justin and Jessica Martin.
Timeline
2018: Justin and Jessica Martin purchased Nox Group.
2026: Nox Group projects achieving $1 billion in annual revenue.
Market Landscape
Nox Group's transformation of an industrial space in Tempe follows the broader industrial-to-office adaptive reuse trend that gained momentum in 2021. The move highlights how high-growth firms are leveraging heavy capital investment to secure custom headquarter footprints.
Operators should monitor local industrial vacancy rates near The Arroyo complex as large firms convert warehouse capacity into traditional office footprints. Assess whether your current facility needs align with your long-term revenue growth targets before committing to large-scale capital improvements.
The takeaway
Rapidly scaling companies are prioritizing significant investments in proprietary office infrastructure to sustain growth. Keep a close watch on capital expenditure budgets versus revenue targets to ensure your physical expansion matches your projected financial growth.
Further reading
For more on how organizations are balancing office space needs, visit Remote Work.
Source note: This article includes information reported by abc15 Arizona.
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