Ryan Companies US, Inc., a national commercial real estate solutions provider, and Standard Real Estate Investments, LP have formed a joint venture and announce today the financial closing and beginning of construction on the second phase for 17 North Corporate Center. Located minutes from Interstate 17 at Pinnacle Peak Road, the project is comprised of two Class-A industrial buildings totaling more than 186,000 square feet and will provide users with several onsite features and accessibility to major freeways, residential options and proximity to the Taiwan Semiconductor Manufacturing Company plant.
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“The Phoenix market continues to experience an influx of advanced technology and manufacturing companies, which makes this an ideal time to break ground on a high-quality industrial project in the sought-after Deer Valley submarket,” said Josh Tracy, senior vice president of real estate development, Ryan Companies. “This project’s strategic location in north Phoenix provides users with unmatched flexibility and convenience and gives them a front seat to the several impactful developments taking place in the area.”
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 restaurant options. Several hotels, condominium and apartment communities are located within minutes from the project, as well as the Phoenix Deer Valley Airport.
“We’re thrilled to partner with Ryan Companies in the next phase of development at 17 North Corporate Center,” said Lindsay Louie, principal at Standard. “Ryan Companies’ incredible development acumen and market expertise, combined with this premier location, will make this facility an attractive option to meet the strong demand for state-of-the-art industrial facilities in the Deer Valley submarket.”
Each building will have 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.
The project is being built and developed by Ryan with construction financing being provided by Bankers Trust. Butler Design Group is the architect of record for 17 North Corporate Center. Cooper Fratt, John Werstler and Tanner Ferrandi from CBRE have been selected to market and lease the project. For more information on leasing, please visit https://www.cbre.com/offices/corporate/phoenix.
“Commercial real estate leaders like Ryan Companies recognize the importance of top-of-the-line industrial space for companies exploring West Coast opportunities,” said Greater Phoenix Economic Council President & CEO Chris Camacho. “This Class-A product developed in the key Deer Valley employment corridor will help companies access the talent and infrastructure needed to best support their growth plans in Greater Phoenix.”
17 North Corporate Center is expected to be completed by Q4 2025. The first phase of the project was comprised of a 111,000-square-foot Class-A industrial building that was built and developed by Ryan.
