Sandia Science & Technology Park Development

Name

Sandia Science & Technology Park Development

Legal name

Sandia Science & Technology Park Program (Sandia National Laboratories) and Sandia Science & Technology Park Development Corporation

Website

https://sstp.org

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Research Park Real Estate

NAICS

Administrative and Support Services (561)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Industrial Park Owners Association Management (BPAJAHAH)

Keywords

• Research park leasing
• Technology park real estate
• Commercial property leasing
• Office space rental
• Technology community development

Headquarters

HQ city

Albuquerque

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Others

Revenue model

1. Commercial Real Estate Leasing: The SS&TP generates revenue through leasing of office, research, and manufacturing spaces to technology companies. Spaces range from 500 to 36,000 square feet, serving companies from startups to large corporations.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Sandia Science & Technology Park Development manages a 340-acre master-planned technology community in Albuquerque, New Mexico, leasing office and laboratory space ranging from 500 to 36,000 square feet to technology, research, and defense-related companies. The park is located adjacent to Sandia National Laboratories and Kirtland Air Force Base, offering 27 buildings housing 46 companies and organizations with approximately 2,018 employees as of December 2025. Revenue is generated through commercial real estate leasing of purpose-built workspace to tenants operating in national security, research, and advanced technology sectors.

Product overview

The Sandia Science & Technology Park (SS&TP) is a single unified offering: a 340-acre master-planned technology community and commercial real estate development in Albuquerque, New Mexico. Associated with Sandia National Laboratories and adjacent to Kirtland Air Force Base, the park provides physical property space (ranging from 500 to 36,000 square feet), high-speed fiber optic communications infrastructure, and access to world-class facilities, technologies, scientists, and engineers. Currently 46 companies and organizations with over 2,018 employees reside in the park, engaged in joint research and development, technology commercialization, and supply chain development with Sandia National Laboratories. The park is managed by the SS&TP Program Office (a Sandia National Laboratories affiliated organization) and the non-profit Sandia Science & Technology Park Development Corporation (SSTPDC).

Differentiator

Problem solved

Functional benefit

Products and services

• Office and Laboratory Space Leasing
• Technology Park Real Estate Development

Quantifiable outcome

• $7.7B in cumulative wage and salary disbursements attributable to park activities since 1998
• +3 more outcomes

Named customers8 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core and minor.

• Sandia National LaboratoriescoreStrategic or Co-development Partner · 1 January 1998Sandia National Laboratories is the anchor institution for the SS&TP. The park was established to support technology transfer, joint R&D, and supply chain development with Sandia. The SS&TP Program Office is a Sandia National Laboratories affiliated organization.
• Kirtland Air Force Base / Kirtland National Security ComplexcoreStrategic or Co-development PartnerThe SS&TP is adjacent to Kirtland Air Force Base, which includes Air Force Research Laboratory and U.S. Space Force facilities. This proximity provides park companies easy access to these organizations and vice versa.
• Air Force Research Laboratory (AFRL)coreStrategic or Co-development PartnerAFRL is located adjacent to the SS&TP at Kirtland National Security Complex, enabling collaboration with park companies on defense research and technology development.
• Albuquerque Public SchoolsminorStrategic or Co-development PartnerEducational partnership supporting STEM workforce development and school-to-career pathways for students.
• City of AlbuquerqueminorStrategic or Co-development PartnerMunicipal partnership supporting economic development and technology industry growth in the region.
• Bernalillo CountyminorStrategic or Co-development PartnerCounty-level partnership supporting regional economic development initiatives.
• Mid-Region Council of GovernmentsminorStrategic or Co-development PartnerRegional planning organization that conducts economic impact assessments for the SS&TP and supports regional development.
• New Mexico State Land OfficeminorStrategic or Co-development PartnerState agency supporting land use and economic development initiatives related to the technology park.
• PNM (PNM Resources)minorStrategic or Co-development PartnerLocal utility provider supporting energy infrastructure for the park.
• U.S. Department of Energy/NNSAcoreStrategic or Co-development PartnerFederal agency overseeing Sandia National Laboratories, the anchor institution for the technology park.
• U.S. Economic Development AdministrationminorStrategic or Co-development PartnerFederal agency that awarded Star of the Southwest Award to the SS&TP and supports regional economic development.
• State of New MexicominorStrategic or Co-development PartnerState government support through economic development initiatives and recognition.
• New Mexico Congressional DelegationminorStrategic or Co-development PartnerFederal legislative support for the technology park and national laboratory partnerships.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Science Park at Yale: Mixed-use research park affiliated with Yale University, hosting technology, biotech, and advanced manufacturing tenants. Closely analogous to SS&TP's institutional-anchor-driven model of real estate and R&D commercialization.
• University Research Park (Wisconsin): University-affiliated research park that leases space to technology and biotech companies near the University of Wisconsin–Madison. Comparable operating model and tenant mix (technology transfer, R&D-intensive startups) to SS&TP.
• Cummings Research Park: One of the largest research parks in the U.S., located adjacent to Redstone Arsenal and defense/aerospace contractors in Huntsville, Alabama. Directly comparable to SS&TP given its adjacency to a major military installation, defense-tech tenant base, and large master-planned footprint.
• Innovation Quarter (Winston-Salem): Mixed-use research park developed around Wake Forest School of Medicine with comparable life sciences, technology, and research tenants. Mirrors SS&TP's model of growing from an anchor institution into a broader innovation district.
• Research Triangle Park (RTP): One of the largest and oldest master-planned research parks in the U.S., operating a comparable model of leasing land and facilities to technology, biotech, and research tenants near Research Triangle Institute and major universities. Highly analogous to SS&TP in operating model, tenant profile, and public-private partnership structure.
• Arizona State University Research Park: University-affiliated master-planned research park adjacent to ASU Polytechnic campus, hosting technology, defense, and clean-energy tenants. Comparable to SS&TP in scale, anchor-relationship structure, and emphasis on tech transfer.

Broad incumbents

• BioMed Realty: Large private (Blackstone-owned) operator of life science and technology campuses in key innovation clusters. Comparable to SS&TP at the asset-class and tenant-profile level, though operating across a national portfolio rather than a single campus.
• Alexandria Real Estate Equities: Public REIT specializing in life science and technology campuses. Operates at much larger scale and across multiple geographies, but its cluster-based, mission-driven tenancy strategy overlaps with SS&TP's positioning around R&D-intensive tenants.
• Highwoods Properties: Public office REIT operating Best Business Class-A office parks across the Sunbelt. Comparable as a commercial office park operator with institutional tenants, though not focused on R&D/defense tenants the way SS&TP is.

Others

• Battelle: Non-profit that operates multiple national laboratories (including for DOE) and runs the Battelle Memorial Institute, including managing research campuses. Comparable to SS&TP's non-profit, national-lab-adjacent operating model and economic development mission.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/sandiatechpark

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sandia Science & Technology Park Development