Isola Group signed a 118,000-square-foot lease to remain in Chandler and relocate its headquarters, research and development, and manufacturing operations, according to Chandler city officials.

The company will be moving into a newly constructed industrial building at the Lotus Project, near Kryene Road and Loop 202 at 6565 W. Frye Road, according to a news release.

Isola Group is a market leader in copper-clad laminates and dielectric prepreg materials used to fabricate advanced multilayer printed circuit boards, according to the release.

“The finalization of the lease agreement and the build-out of our new facility will allow us to optimize our ability to serve the evolving electronics market in North America as it continues to shift from volume manufacturing to low volume, high customization,” said Travis Kelly, executive vice chairman and CEO of Isola, in a news release.

The facility, which will consolidate Isola’s headquarters, research and design, and manufacturing capability, is expected to open in multiple phases starting in October, according to city officials. Isola will continue to work closely with its customers and distributors in managing the transition period to the new facility and maintaining the highest level of customer service.

"Isola has been one of Chandler's long-standing technology employers and we are thrilled that their new headquarters and operational facility will remain in our community. It has been a pleasure working with Isola throughout the site selection process and we wish them many more years of success," Chandler Mayor Kevin Hartke said in a news release.