Ryan Companies US, Inc., a national commercial real estate solutions provider, and Alidade Capital, LLC have formed a joint venture and announce today the financial closing and beginning of construction for Chandler Freeways Business Park. Located southeast of the Loop 202 and Interstate 10 interchange, the project is comprised of converting a former office building on site that was originally built by Ryan in 2004, into an 87,600-square-foot single-story Class-A industrial building. A second 102,875-square-foot Class-A industrial building will also be constructed. Once completed, this leading-edge project will offer users immediate access to freeways, the expanding labor pool in the area and several onsite features.

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“As the Phoenix market is faced with a surplus of challenged office buildings, our team is excited for the opportunity to transform this site into a state-of-the art industrial complex that will attract top-tier businesses and talent to the area,” said John Paul Mulhern, director of real estate development, Ryan Companies. “This project is suited for a variety of end users, thanks to its prime infill location offering exceptional access to both the East and West Valley.”

Chandler Freeways Business Park is located less than two miles from three full diamond interchanges, providing users with convenient access to Interstate 10 and Loop 202. Several restaurants, hotels, and major retail options are located minutes from the project. Nearby corporate users include Avnet, Honeywell, Northrop Grumman and Nikola.

The project will have numerous property features including full concrete truck courts, reinforced speed bays, speculative office suites, warehouse lighting and the capacity for high power. Additional features of the buildings include a total of 26 dock-high doors and 301 vehicle parking stalls.

Chandler Freeways Business Park is being developed and built by Ryan. Butler Design Group is the architect of record. Mark Krison, Luke Krison and Armand Doost from CBRE have been selected to market and lease the project. For more information on leasing, please visit https://www.6955-w-morelos.info/.

“In this premier space, industrial users will have direct freeway access to in-market partners as well as into southern Arizona, other western states and Mexico,” said Greater Phoenix Economic Council President & CEO Chris Camacho. “Greater Phoenix continues to proactively supply amenitized, conveniently located Class-A buildings, strengthening the foundation for the region to drive more economic growth.”

Chandler Freeways Business Park is expected to be completed by Q4 2025.