On July 1, NAIOP announced a new name for the organization: the Commercial Real Estate Development Association, or CREDA. According to CREDA, the new branding better communicates the broad scope of commercial real estate work members engage in, such as multifamily housing, retail destinations, logistics and fulfillment facilities, offices, mixed-use developments, data centers and more. To celebrate this new era for the association and honor its past achievements, here is one of the winners of 2026’s Best of NAIOP Awards.
17 North Corporate Center Phase II
Owner/Developer: Ryan Companies US
General Contractor: Ryan Companies US
Architect: Butler Design Group
Broker: CBRE
Financier: Standard Real Estate Investments
Size: 186,832 square feet
City: Phoenix
Details: Located in the heart of the Deer Valley submarket with prominent Interstate 17 frontage, 17 North Corporate Center Phase II is the final, crowning stage of a visionary 20-year, 100-acre master-planned development. This premier two-building campus is a key component of a larger, mixed-use environment that includes office, hotel, and multifamily uses, now completed with two successful phases of speculative industrial development.
The project sits on 17 acres and introduces two state-of-the-art industrial buildings — the first being 102,610 square feet and the other structure spanning 84,222 square feet. The site is designed for logistics, featuring fully secured private truck courts and 44 dock-high doors.
Features: Designed to meet the demands of modern industrial users, 17 North Corporate Center Phase II offers 32-foot clear heights, robust metal roof decks and 3,000 amps of power for each building.
Beyond the core and shell, the speculative tenant improvements showcase a forward-thinking approach to user experience. The warehouses are equipped with 35-foot candles of high-efficiency lighting and full HVAC systems. The office suites were designed to attract and retain top talent, featuring oversized layouts with extra-large breakrooms, 12-foot ceilings for an open and airy feel, high-end LVT flooring, stainless steel appliances and premium Mecho shades.
Challenges: The development of 17 North Corporate Center Phase II required navigating significant planning and governmental hurdles. Although the property’s zoning permitted light industrial use, these were restricted by the existing CC&Rs recorded against the property.
Leveraging its long-term relationships and stellar track record of quality development, Ryan Companies US successfully persuaded the other property owners to approve an amendment, unlocking the potential for industrial development.
Navigating the City of Phoenix’s approval process proved to be complex, requiring two technical appeals and six variances, in addition to the standard site plan approval. Overcoming these challenges allowed the development to proceed, transforming a restricted site into a premier industrial destination.