A joint venture of Ryan Companies US, Inc. (Ryan), a national commercial real estate solutions provider, and Standard Real Estate Investments, LP (Standard), a national real estate firm with offices in Los Angeles and Washington, D.C., announced today it has inked an 85,241-square-foot lease with Okland Construction at the 17 North Corporate Center industrial complex in Phoenix. The firm, which specializes in delivering complex projects in healthcare, advanced technology, sports, higher education, and commercial development, will occupy the entirety of Building D at 2525 West Corporate Center Dr. primarily to expand its prefabrication capacity in order to better serve its technology-sector clients.
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“We are thrilled to welcome a respected firm like Okland Construction to 17 North Corporate Center, a decision that underscores Phoenix’s standing as a prime destination for key industrial users and leading companies,” said Josh Tracy, senior vice president of real estate development, Ryan Companies. “This lease is a testament to the complex’s strategic location, and we are proud to provide a home for a company of Okland’s caliber as it continues to grow in this dynamic market.”
Strategically located minutes from Interstate 17 at Pinnacle Peak Road along a key employment corridor and proximity to the Taiwan Semiconductor Manufacturing Company plant, 17 North Corporate Center has immediate access to, and visibility from, Interstate 17 and is located two miles from the Loop 101 freeway. The project is also within walking distance of the Happy Valley Towne Center and The Shops at Norterra, providing end users with nearby retail and dining options. Several hotels, condominium and apartment communities, as well as the Phoenix Deer Valley Airport, are located within minutes from the project.
“As industrial activity continues to surge in the Southwest, especially in this corridor, we are excited to see this complex attracting well-known national and regional occupiers,” said Lindsay Louie, Principal at Standard. “Our partnership with Ryan Companies has yielded incredible results thanks to a combination of the firm’s remarkable development acumen and comprehensive market expertise while this commitment from Okland Construction signals the long-term strength of the Deer Valley sub-market.”
The complex was developed by Ryan in a joint venture with Standard, with Butler Design Group serving as the architect. Comprising two Class-A industrial buildings totaling more than 186,000 square feet, the site offers users with several sought-after amenities. Each building features fully secured and private concrete truck courts, 32’ clear heights, generous parking ratios, an ESFR sprinkler system, and other best-in-class features. Nearby corporate users include TSMC, Amazon, FedEx, and Shock Therapy.
Ownership was represented by a CBRE team of Cooper Fratt, Tanner Ferrandi, Connie Nelson and Brady Turpen on this lease. Okland Construction was represented by Chris Rogers, Trevor McKendry and Beau Citron of DAUM Commercial Real Estate Services.
One freestanding building remains available at 17 North Corporate Center. Located at 2350 Corporate Center Drive, this remaining 103,582-square-foot building features a highly coveted private yard and is currently available for lease or sale.
